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$148,721$148,721$341,910
Remaining term (yrs)18.918.930.0
Secondary amount$0$193,189$0
Funding fee$0$0$0
Note rate3.840%3.840%7.400%
Blended rate4.690%6.560%7.640%
1st payment$917.19$917.19$2,367.32
2nd payment$0.00$1,287.93$0.00
Taxes / mo$255.50$255.50$255.50
Insurance / mo$150.00$150.00$150.00
MI / mo$138.75$138.75$68.38
HOA / mo$484.00$484.00$484.00
Total monthly$1,945.44$3,233.36$3,325.20
Cash to close$231,179$37,990$37,990