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$217,924$217,924$341,100
Remaining term (yrs)21.421.430.0
Secondary amount$0$123,176$0
Funding fee$0$0$0
Note rate3.990%3.990%7.400%
Blended rate4.840%5.981%7.640%
1st payment$1,259.46$1,259.46$2,361.71
2nd payment$0.00$821.17$0.00
Taxes / mo$355.83$355.83$355.83
Insurance / mo$150.00$150.00$150.00
MI / mo$187.09$187.09$68.22
HOA / mo$183.00$183.00$183.00
Total monthly$2,135.38$2,956.56$3,118.76
Cash to close$161,076$37,900$37,900