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$210,439$210,439$557,100
Remaining term (yrs)23.223.230.0
Secondary amount$0$346,661$0
Funding fee$0$0$0
Note rate3.050%3.050%7.400%
Blended rate3.900%6.296%7.640%
1st payment$1,051.37$1,051.37$3,857.25
2nd payment$0.00$2,238.85$0.00
Taxes / mo$110.17$110.17$110.17
Insurance / mo$166.67$166.67$166.67
MI / mo$168.13$168.13$111.42
HOA / mo$0.00$0.00$0.00
Total monthly$1,496.34$3,735.19$4,245.50
Cash to close$408,561$61,900$61,900