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$145,235$145,235$485,999
Remaining term (yrs)16.416.430.0
Secondary amount$0$340,764$0
Funding fee$0$0$0
Note rate3.350%3.350%7.400%
Blended rate4.200%6.689%7.640%
1st payment$955.81$955.81$3,364.96
2nd payment$0.00$2,200.77$0.00
Taxes / mo$395.92$395.92$395.92
Insurance / mo$166.67$166.67$166.67
MI / mo$153.62$153.62$97.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,672.02$3,872.79$4,024.74
Cash to close$394,764$54,000$54,000