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$225,720$225,720$418,500
Remaining term (yrs)22.922.930.0
Secondary amount$0$192,780$0
Funding fee$0$0$0
Note rate3.620%3.620%7.400%
Blended rate4.470%6.096%7.640%
1st payment$1,203.36$1,203.36$2,897.61
2nd payment$0.00$1,285.20$0.00
Taxes / mo$387.50$387.50$387.50
Insurance / mo$166.67$166.67$166.67
MI / mo$187.02$187.02$83.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,944.55$3,229.76$3,535.48
Cash to close$239,280$46,500$46,500