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$185,860$185,860$441,000
Remaining term (yrs)19.919.930.0
Secondary amount$0$255,140$0
Funding fee$0$0$0
Note rate3.440%3.440%7.400%
Blended rate4.290%6.292%7.640%
1st payment$1,072.19$1,072.19$3,053.39
2nd payment$0.00$1,647.78$0.00
Taxes / mo$107.83$107.83$107.83
Insurance / mo$166.67$166.67$166.67
MI / mo$170.40$170.40$88.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,517.09$3,164.87$3,416.09
Cash to close$304,140$49,000$49,000