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$41,652$41,652$224,100
Remaining term (yrs)25.625.630.0
Secondary amount$0$182,448$0
Funding fee$0$0$0
Note rate3.450%3.450%7.320%
Blended rate4.300%7.312%7.560%
1st payment$203.61$203.61$1,539.41
2nd payment$0.00$1,216.32$0.00
Taxes / mo$158.75$158.75$158.75
Insurance / mo$150.00$150.00$150.00
MI / mo$32.32$32.32$44.82
HOA / mo$0.00$0.00$0.00
Total monthly$544.67$1,760.99$1,892.98
Cash to close$207,348$24,900$24,900