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$180,700$180,700$539,910
Remaining term (yrs)19.219.230.0
Secondary amount$0$359,210$0
Funding fee$0$0$0
Note rate3.800%3.800%7.400%
Blended rate4.650%6.712%7.640%
1st payment$1,100.88$1,100.88$3,738.23
2nd payment$0.00$2,319.90$0.00
Taxes / mo$204.17$204.17$204.17
Insurance / mo$166.67$166.67$166.67
MI / mo$167.35$167.35$107.98
HOA / mo$8.00$8.00$8.00
Total monthly$1,647.07$3,966.97$4,225.04
Cash to close$419,200$59,990$59,990