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$257,358$257,358$357,300
Remaining term (yrs)25.325.330.0
Secondary amount$0$99,942$0
Funding fee$0$0$0
Note rate3.220%3.220%7.320%
Blended rate4.070%5.449%7.560%
1st payment$1,234.12$1,234.12$2,454.40
2nd payment$0.00$749.57$0.00
Taxes / mo$41.00$41.00$41.00
Insurance / mo$150.00$150.00$150.00
MI / mo$201.63$201.63$71.46
HOA / mo$0.00$0.00$0.00
Total monthly$1,626.75$2,376.32$2,716.86
Cash to close$139,642$39,700$39,700