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$233,485$233,485$351,000
Remaining term (yrs)23.323.330.0
Secondary amount$0$117,515$0
Funding fee$0$0$0
Note rate3.720%3.720%7.320%
Blended rate4.570%5.718%7.560%
1st payment$1,245.91$1,245.91$2,411.13
2nd payment$0.00$783.43$0.00
Taxes / mo$146.92$146.92$146.92
Insurance / mo$150.00$150.00$150.00
MI / mo$191.26$191.26$70.20
HOA / mo$138.00$138.00$138.00
Total monthly$1,872.09$2,655.52$2,916.24
Cash to close$156,515$39,000$39,000