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$227,196$227,196$243,000
Remaining term (yrs)25.425.430.0
Secondary amount$0$29,304$0
Funding fee$0$0$0
Note rate3.450%3.450%7.400%
Blended rate4.300%5.165%7.640%
1st payment$1,117.35$1,117.35$1,682.48
2nd payment$0.00$289.99$0.00
Taxes / mo$289.00$289.00$289.00
Insurance / mo$150.00$150.00$150.00
MI / mo$177.35$177.35$48.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,733.70$2,023.69$2,170.08
Cash to close$42,804$13,500$27,000