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$144,581$144,581$449,100
Remaining term (yrs)15.415.430.0
Secondary amount$0$304,519$0
Funding fee$0$0$0
Note rate3.950%3.950%7.400%
Blended rate4.800%6.800%7.640%
1st payment$1,040.64$1,040.64$3,109.48
2nd payment$0.00$1,966.69$0.00
Taxes / mo$415.83$415.83$415.83
Insurance / mo$166.67$166.67$166.67
MI / mo$155.33$155.33$89.82
HOA / mo$50.00$50.00$50.00
Total monthly$1,828.48$3,795.16$3,831.80
Cash to close$354,419$49,900$49,900