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$198,751$198,751$283,500
Remaining term (yrs)23.223.230.0
Secondary amount$0$84,749$0
Funding fee$0$0$0
Note rate3.600%3.600%7.400%
Blended rate4.450%5.810%7.640%
1st payment$1,050.21$1,050.21$1,962.90
2nd payment$0.00$635.62$0.00
Taxes / mo$377.17$377.17$377.17
Insurance / mo$150.00$150.00$150.00
MI / mo$163.62$163.62$56.70
HOA / mo$100.00$100.00$100.00
Total monthly$1,841.00$2,476.62$2,646.76
Cash to close$116,249$31,500$31,500