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$219,517$219,517$265,500
Remaining term (yrs)23.023.030.0
Secondary amount$0$45,983$0
Funding fee$0$0$0
Note rate3.770%3.770%7.400%
Blended rate4.620%5.379%7.640%
1st payment$1,185.19$1,185.19$1,838.27
2nd payment$0.00$344.87$0.00
Taxes / mo$432.89$432.89$432.89
Insurance / mo$150.00$150.00$150.00
MI / mo$180.83$180.83$53.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,948.91$2,293.78$2,474.26
Cash to close$75,483$29,500$29,500