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$225,414$225,414$422,100
Remaining term (yrs)25.325.330.0
Secondary amount$0$196,686$0
Funding fee$0$0$0
Note rate3.450%3.450%7.320%
Blended rate4.300%6.024%7.560%
1st payment$1,108.58$1,108.58$2,899.53
2nd payment$0.00$1,311.24$0.00
Taxes / mo$375.17$375.17$375.17
Insurance / mo$166.67$166.67$166.67
MI / mo$175.96$175.96$84.42
HOA / mo$0.00$0.00$0.00
Total monthly$1,826.38$3,137.62$3,525.79
Cash to close$243,586$46,900$46,900