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$231,335$231,335$382,500
Remaining term (yrs)23.923.930.0
Secondary amount$0$151,165$0
Funding fee$0$0$0
Note rate3.020%3.020%7.400%
Blended rate3.870%5.502%7.640%
1st payment$1,127.51$1,127.51$2,648.35
2nd payment$0.00$1,007.76$0.00
Taxes / mo$268.42$268.42$268.42
Insurance / mo$150.00$150.00$150.00
MI / mo$188.95$188.95$76.50
HOA / mo$175.00$175.00$175.00
Total monthly$1,909.87$2,917.64$3,318.27
Cash to close$193,665$42,500$42,500