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$203,240$203,240$404,910
Remaining term (yrs)22.422.430.0
Secondary amount$0$201,670$0
Funding fee$0$0$0
Note rate3.320%3.320%7.320%
Blended rate4.170%5.953%7.560%
1st payment$1,066.91$1,066.91$2,781.45
2nd payment$0.00$1,302.45$0.00
Taxes / mo$405.83$405.83$405.83
Insurance / mo$150.00$150.00$150.00
MI / mo$172.13$172.13$80.98
HOA / mo$150.00$150.00$150.00
Total monthly$1,944.87$3,247.32$3,568.27
Cash to close$246,660$44,990$44,990