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$173,811$173,811$413,910
Remaining term (yrs)19.419.430.0
Secondary amount$0$240,099$0
Funding fee$0$0$0
Note rate3.870%3.870%7.400%
Blended rate4.720%6.478%7.640%
1st payment$1,059.11$1,059.11$2,865.83
2nd payment$0.00$1,550.64$0.00
Taxes / mo$306.17$306.17$306.17
Insurance / mo$166.67$166.67$166.67
MI / mo$159.63$159.63$82.78
HOA / mo$8.33$8.33$8.33
Total monthly$1,699.91$3,250.55$3,429.77
Cash to close$286,089$45,990$45,990