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$171,123$171,123$360,000
Remaining term (yrs)20.920.930.0
Secondary amount$0$188,877$0
Funding fee$0$0$0
Note rate3.900%3.900%7.400%
Blended rate4.750%6.455%7.640%
1st payment$995.72$995.72$2,492.57
2nd payment$0.00$1,259.18$0.00
Taxes / mo$333.33$333.33$333.33
Insurance / mo$150.00$150.00$150.00
MI / mo$149.53$149.53$72.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,628.58$2,887.76$3,047.90
Cash to close$228,877$40,000$40,000