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$207,022$207,022$225,000
Remaining term (yrs)25.425.430.0
Secondary amount$0$30,478$0
Funding fee$0$0$0
Note rate3.550%3.550%7.400%
Blended rate4.400%5.359%7.640%
1st payment$1,029.28$1,029.28$1,557.85
2nd payment$0.00$301.61$0.00
Taxes / mo$323.17$323.17$323.17
Insurance / mo$150.00$150.00$150.00
MI / mo$161.36$161.36$45.00
HOA / mo$375.00$375.00$375.00
Total monthly$2,038.80$2,340.41$2,451.02
Cash to close$42,978$12,500$25,000