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$195,687$195,687$280,800
Remaining term (yrs)25.425.430.0
Secondary amount$0$85,113$0
Funding fee$0$0$0
Note rate3.450%3.450%7.400%
Blended rate4.300%5.725%7.640%
1st payment$962.38$962.38$1,944.20
2nd payment$0.00$638.35$0.00
Taxes / mo$157.00$157.00$157.00
Insurance / mo$150.00$150.00$150.00
MI / mo$152.76$152.76$56.16
HOA / mo$0.00$0.00$0.00
Total monthly$1,422.14$2,060.49$2,307.36
Cash to close$116,313$31,200$31,200