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$184,076$184,076$256,500
Remaining term (yrs)22.922.930.0
Secondary amount$0$72,424$0
Funding fee$0$0$0
Note rate3.560%3.560%7.320%
Blended rate4.410%5.706%7.560%
1st payment$975.49$975.49$1,761.98
2nd payment$0.00$543.18$0.00
Taxes / mo$169.08$169.08$169.08
Insurance / mo$150.00$150.00$150.00
MI / mo$152.74$152.74$51.30
HOA / mo$59.00$59.00$59.00
Total monthly$1,506.31$2,049.49$2,191.36
Cash to close$100,924$28,500$28,500