Dan Frey Home Loans
Call Dan

Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$208,088$208,088$395,910
Remaining term (yrs)19.919.930.0
Secondary amount$0$187,822$0
Funding fee$0$0$0
Note rate3.420%3.420%7.400%
Blended rate4.270%6.040%7.640%
1st payment$1,198.29$1,198.29$2,741.20
2nd payment$0.00$1,252.14$0.00
Taxes / mo$284.25$284.25$284.25
Insurance / mo$150.00$150.00$150.00
MI / mo$190.91$190.91$79.18
HOA / mo$0.00$0.00$0.00
Total monthly$1,823.46$3,075.60$3,254.63
Cash to close$231,812$43,990$43,990