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$188,061$188,061$405,000
Remaining term (yrs)23.323.330.0
Secondary amount$0$216,939$0
Funding fee$0$0$0
Note rate3.720%3.720%7.400%
Blended rate4.570%6.273%7.640%
1st payment$1,003.52$1,003.52$2,804.14
2nd payment$0.00$1,401.07$0.00
Taxes / mo$201.17$201.17$201.17
Insurance / mo$150.00$150.00$150.00
MI / mo$154.05$154.05$81.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,508.74$2,909.80$3,236.30
Cash to close$261,939$45,000$45,000