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$262,992$262,992$395,100
Remaining term (yrs)25.125.130.0
Secondary amount$0$132,108$0
Funding fee$0$0$0
Note rate3.090%3.090%7.400%
Blended rate3.940%5.298%7.640%
1st payment$1,251.22$1,251.22$2,735.59
2nd payment$0.00$880.72$0.00
Taxes / mo$365.83$365.83$365.83
Insurance / mo$150.00$150.00$150.00
MI / mo$207.82$207.82$79.02
HOA / mo$0.00$0.00$0.00
Total monthly$1,974.87$2,855.58$3,330.45
Cash to close$176,008$43,900$43,900