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$182,311$182,311$359,100
Remaining term (yrs)23.723.730.0
Secondary amount$0$176,789$0
Funding fee$0$0$0
Note rate3.150%3.150%7.400%
Blended rate4.000%5.969%7.640%
1st payment$907.20$907.20$2,486.34
2nd payment$0.00$1,178.59$0.00
Taxes / mo$181.92$181.92$181.92
Insurance / mo$150.00$150.00$150.00
MI / mo$149.53$149.53$71.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,388.65$2,567.24$2,890.07
Cash to close$216,689$39,900$39,900