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$208,770$208,770$422,100
Remaining term (yrs)21.121.130.0
Secondary amount$0$213,330$0
Funding fee$0$0$0
Note rate3.940%3.940%7.320%
Blended rate4.790%6.286%7.560%
1st payment$1,209.98$1,209.98$2,899.53
2nd payment$0.00$1,377.76$0.00
Taxes / mo$390.83$390.83$390.83
Insurance / mo$166.67$166.67$166.67
MI / mo$180.83$180.83$84.42
HOA / mo$0.00$0.00$0.00
Total monthly$1,948.31$3,326.07$3,541.45
Cash to close$260,230$46,900$46,900