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$206,079$206,079$382,500
Remaining term (yrs)25.425.430.0
Secondary amount$0$176,421$0
Funding fee$0$0$0
Note rate3.690%3.690%7.400%
Blended rate4.540%6.136%7.640%
1st payment$1,038.20$1,038.20$2,648.35
2nd payment$0.00$1,176.14$0.00
Taxes / mo$357.50$357.50$357.50
Insurance / mo$150.00$150.00$150.00
MI / mo$159.97$159.97$76.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,705.66$2,881.80$3,232.35
Cash to close$218,921$42,500$42,500