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$212,402$212,402$414,000
Remaining term (yrs)23.823.830.0
Secondary amount$0$201,598$0
Funding fee$0$0$0
Note rate3.150%3.150%7.320%
Blended rate4.000%5.826%7.560%
1st payment$1,054.46$1,054.46$2,843.89
2nd payment$0.00$1,301.99$0.00
Taxes / mo$320.00$320.00$320.00
Insurance / mo$166.67$166.67$166.67
MI / mo$173.81$173.81$82.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,714.93$3,016.92$3,413.36
Cash to close$247,598$46,000$46,000