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$256,501$256,501$413,091
Remaining term (yrs)22.922.930.0
Secondary amount$0$156,590$0
Funding fee$0$0$0
Note rate3.620%3.620%7.400%
Blended rate4.470%5.808%7.640%
1st payment$1,367.47$1,367.47$2,860.16
2nd payment$0.00$1,043.93$0.00
Taxes / mo$381.50$381.50$381.50
Insurance / mo$166.67$166.67$166.67
MI / mo$212.52$212.52$82.62
HOA / mo$122.33$122.33$122.33
Total monthly$2,250.49$3,294.42$3,613.27
Cash to close$202,489$45,899$45,899