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$197,085$197,085$324,000
Remaining term (yrs)22.922.930.0
Secondary amount$0$126,915$0
Funding fee$0$0$0
Note rate3.770%3.770%7.400%
Blended rate4.620%5.944%7.640%
1st payment$1,066.48$1,066.48$2,243.31
2nd payment$0.00$846.10$0.00
Taxes / mo$256.40$256.40$256.40
Insurance / mo$150.00$150.00$150.00
MI / mo$162.72$162.72$64.80
HOA / mo$83.00$83.00$83.00
Total monthly$1,718.60$2,564.70$2,797.51
Cash to close$162,915$36,000$36,000