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$218,516$218,516$310,500
Remaining term (yrs)22.922.930.0
Secondary amount$0$91,984$0
Funding fee$0$0$0
Note rate3.770%3.770%7.320%
Blended rate4.620%5.918%7.560%
1st payment$1,185.14$1,185.14$2,132.92
2nd payment$0.00$689.88$0.00
Taxes / mo$677.00$677.00$677.00
Insurance / mo$150.00$150.00$150.00
MI / mo$180.82$180.82$62.10
HOA / mo$71.67$71.67$71.67
Total monthly$2,264.63$2,954.51$3,093.69
Cash to close$126,484$34,500$34,500