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$231,014$231,014$315,000
Remaining term (yrs)22.922.930.0
Secondary amount$0$83,986$0
Funding fee$0$0$0
Note rate3.750%3.750%7.320%
Blended rate4.600%5.773%7.560%
1st payment$1,250.45$1,250.45$2,163.83
2nd payment$0.00$629.90$0.00
Taxes / mo$381.92$381.92$381.92
Insurance / mo$150.00$150.00$150.00
MI / mo$191.26$191.26$63.00
HOA / mo$134.00$134.00$134.00
Total monthly$2,107.62$2,737.52$2,892.75
Cash to close$118,986$35,000$35,000