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$218,877$218,877$629,999
Remaining term (yrs)20.020.030.0
Secondary amount$0$411,122$0
Funding fee$0$0$0
Note rate3.430%3.430%7.400%
Blended rate4.280%6.544%7.640%
1st payment$1,254.28$1,254.28$4,361.99
2nd payment$0.00$2,655.16$0.00
Taxes / mo$583.33$583.33$583.33
Insurance / mo$166.67$166.67$166.67
MI / mo$199.59$199.59$126.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,203.87$4,859.03$5,237.99
Cash to close$481,122$70,000$70,000