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$208,705$208,705$576,000
Remaining term (yrs)22.822.830.0
Secondary amount$0$367,295$0
Funding fee$0$0$0
Note rate3.800%3.800%7.320%
Blended rate4.650%6.627%7.560%
1st payment$1,137.87$1,137.87$3,956.72
2nd payment$0.00$2,372.12$0.00
Taxes / mo$192.33$192.33$192.33
Insurance / mo$166.67$166.67$166.67
MI / mo$172.98$172.98$115.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,669.84$4,041.96$4,430.92
Cash to close$431,295$64,000$64,000