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$4,709$4,709$223,200
Remaining term (yrs)24.424.430.0
Secondary amount$0$218,491$0
Funding fee$0$0$0
Note rate3.890%3.890%7.400%
Blended rate4.740%7.687%7.640%
1st payment$24.82$24.82$1,545.39
2nd payment$0.00$1,411.09$0.00
Taxes / mo$170.67$170.67$170.67
Insurance / mo$150.00$150.00$150.00
MI / mo$3.66$3.66$44.64
HOA / mo$0.00$0.00$0.00
Total monthly$349.15$1,760.24$1,910.70
Cash to close$243,291$24,800$24,800