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$172,432$172,432$495,000
Remaining term (yrs)15.515.530.0
Secondary amount$0$322,568$0
Funding fee$0$0$0
Note rate3.870%3.870%7.320%
Blended rate4.720%6.695%7.560%
1st payment$1,224.60$1,224.60$3,400.31
2nd payment$0.00$2,083.25$0.00
Taxes / mo$458.33$458.33$458.33
Insurance / mo$166.67$166.67$166.67
MI / mo$184.58$184.58$99.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,034.18$4,117.43$4,124.31
Cash to close$377,568$55,000$55,000