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$201,061$201,061$359,994
Remaining term (yrs)20.720.730.0
Secondary amount$0$158,933$0
Funding fee$0$0$0
Note rate3.890%3.890%7.400%
Blended rate4.740%6.179%7.640%
1st payment$1,174.91$1,174.91$2,492.52
2nd payment$0.00$1,059.55$0.00
Taxes / mo$307.17$307.17$307.17
Insurance / mo$150.00$150.00$150.00
MI / mo$176.66$176.66$72.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,808.73$2,868.28$3,021.69
Cash to close$198,932$39,999$39,999