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$268,999$268,999$445,500
Remaining term (yrs)21.021.030.0
Secondary amount$0$176,501$0
Funding fee$0$0$0
Note rate3.950%3.950%7.400%
Blended rate4.800%6.068%7.640%
1st payment$1,564.41$1,564.41$3,084.55
2nd payment$0.00$1,176.68$0.00
Taxes / mo$278.75$278.75$278.75
Insurance / mo$166.67$166.67$166.67
MI / mo$233.52$233.52$89.10
HOA / mo$0.00$0.00$0.00
Total monthly$2,243.34$3,420.02$3,619.07
Cash to close$226,001$49,500$49,500