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$229,038$229,038$296,100
Remaining term (yrs)24.624.630.0
Secondary amount$0$67,062$0
Funding fee$0$0$0
Note rate3.180%3.180%7.400%
Blended rate4.030%5.156%7.640%
1st payment$1,115.02$1,115.02$2,050.14
2nd payment$0.00$502.97$0.00
Taxes / mo$274.17$274.17$274.17
Insurance / mo$150.00$150.00$150.00
MI / mo$183.09$183.09$59.22
HOA / mo$0.00$0.00$0.00
Total monthly$1,722.28$2,225.24$2,533.52
Cash to close$99,962$32,900$32,900