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$169,392$169,392$450,000
Remaining term (yrs)16.416.430.0
Secondary amount$0$280,608$0
Funding fee$0$0$0
Note rate3.350%3.350%7.320%
Blended rate4.200%6.414%7.560%
1st payment$1,110.60$1,110.60$3,091.19
2nd payment$0.00$1,812.26$0.00
Taxes / mo$416.67$416.67$416.67
Insurance / mo$166.67$166.67$166.67
MI / mo$178.50$178.50$90.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,872.43$3,684.69$3,764.52
Cash to close$330,608$50,000$50,000