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$189,940$189,940$513,000
Remaining term (yrs)19.219.230.0
Secondary amount$0$323,060$0
Funding fee$0$0$0
Note rate2.350%2.350%7.320%
Blended rate3.200%6.065%7.560%
1st payment$1,019.51$1,019.51$3,523.95
2nd payment$0.00$2,086.43$0.00
Taxes / mo$475.00$475.00$475.00
Insurance / mo$166.67$166.67$166.67
MI / mo$163.72$163.72$102.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,824.89$3,911.33$4,268.22
Cash to close$380,060$57,000$57,000