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$212,002$212,002$301,500
Remaining term (yrs)23.323.330.0
Secondary amount$0$89,498$0
Funding fee$0$0$0
Note rate3.490%3.490%7.320%
Blended rate4.340%5.723%7.560%
1st payment$1,105.31$1,105.31$2,071.10
2nd payment$0.00$671.24$0.00
Taxes / mo$267.67$267.67$267.67
Insurance / mo$150.00$150.00$150.00
MI / mo$174.57$174.57$60.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,697.55$2,368.78$2,549.06
Cash to close$122,998$33,500$33,500