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$196,223$196,223$382,500
Remaining term (yrs)24.624.630.0
Secondary amount$0$186,277$0
Funding fee$0$0$0
Note rate3.130%3.130%7.400%
Blended rate3.980%5.938%7.640%
1st payment$950.13$950.13$2,648.35
2nd payment$0.00$1,241.84$0.00
Taxes / mo$440.17$440.17$440.17
Insurance / mo$150.00$150.00$150.00
MI / mo$157.01$157.01$76.50
HOA / mo$148.33$148.33$148.33
Total monthly$1,845.63$3,087.48$3,463.35
Cash to close$228,777$42,500$42,500