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$217,349$217,349$275,310
Remaining term (yrs)23.123.130.0
Secondary amount$0$57,961$0
Funding fee$0$0$0
Note rate3.700%3.700%7.320%
Blended rate4.550%5.487%7.560%
1st payment$1,162.70$1,162.70$1,891.19
2nd payment$0.00$434.71$0.00
Taxes / mo$376.75$376.75$376.75
Insurance / mo$150.00$150.00$150.00
MI / mo$178.93$178.93$55.06
HOA / mo$17.50$17.50$17.50
Total monthly$1,885.88$2,320.58$2,490.50
Cash to close$88,551$30,590$30,590