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$196,168$196,168$333,000
Remaining term (yrs)23.423.430.0
Secondary amount$0$136,832$0
Funding fee$0$0$0
Note rate3.470%3.470%7.400%
Blended rate4.320%5.832%7.640%
1st payment$1,016.01$1,016.01$2,305.62
2nd payment$0.00$912.21$0.00
Taxes / mo$436.08$436.08$436.08
Insurance / mo$150.00$150.00$150.00
MI / mo$160.87$160.87$66.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,762.96$2,675.17$2,958.31
Cash to close$173,832$37,000$37,000