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$37,190$37,190$292,500
Remaining term (yrs)22.922.930.0
Secondary amount$0$255,310$0
Funding fee$0$0$0
Note rate3.750%3.750%7.400%
Blended rate4.600%7.349%7.640%
1st payment$201.30$201.30$2,025.21
2nd payment$0.00$1,648.88$0.00
Taxes / mo$128.00$128.00$128.00
Insurance / mo$150.00$150.00$150.00
MI / mo$30.79$30.79$58.50
HOA / mo$50.00$50.00$50.00
Total monthly$560.09$2,208.97$2,411.71
Cash to close$287,810$32,500$32,500