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$186,032$186,032$359,999
Remaining term (yrs)19.719.730.0
Secondary amount$0$173,967$0
Funding fee$0$0$0
Note rate3.570%3.570%7.400%
Blended rate4.420%6.150%7.640%
1st payment$1,091.87$1,091.87$2,492.56
2nd payment$0.00$1,159.78$0.00
Taxes / mo$334.58$334.58$334.58
Insurance / mo$150.00$150.00$150.00
MI / mo$170.75$170.75$72.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,747.20$2,906.98$3,049.14
Cash to close$213,967$40,000$40,000