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$232,572$232,572$287,910
Remaining term (yrs)25.025.030.0
Secondary amount$0$55,338$0
Funding fee$0$0$0
Note rate3.050%3.050%7.320%
Blended rate3.900%4.880%7.560%
1st payment$1,104.04$1,104.04$1,977.74
2nd payment$0.00$415.04$0.00
Taxes / mo$285.33$285.33$285.33
Insurance / mo$150.00$150.00$150.00
MI / mo$184.31$184.31$57.58
HOA / mo$16.67$16.67$16.67
Total monthly$1,740.35$2,155.39$2,487.33
Cash to close$87,328$31,990$31,990