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$284,598$284,598$441,000
Remaining term (yrs)22.822.830.0
Secondary amount$0$156,402$0
Funding fee$0$0$0
Note rate3.750%3.750%7.400%
Blended rate4.600%5.806%7.640%
1st payment$1,544.03$1,544.03$3,053.39
2nd payment$0.00$1,042.68$0.00
Taxes / mo$248.42$248.42$248.42
Insurance / mo$166.67$166.67$166.67
MI / mo$236.16$236.16$88.20
HOA / mo$170.00$170.00$170.00
Total monthly$2,365.27$3,407.95$3,726.68
Cash to close$205,402$49,000$49,000