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$205,075$205,075$350,910
Remaining term (yrs)23.523.530.0
Secondary amount$0$145,835$0
Funding fee$0$0$0
Note rate3.330%3.330%7.320%
Blended rate4.180%5.768%7.560%
1st payment$1,044.58$1,044.58$2,410.51
2nd payment$0.00$972.23$0.00
Taxes / mo$84.83$84.83$84.83
Insurance / mo$150.00$150.00$150.00
MI / mo$168.31$168.31$70.18
HOA / mo$0.00$0.00$0.00
Total monthly$1,447.73$2,419.96$2,715.52
Cash to close$184,825$38,990$38,990