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$227,703$227,703$369,000
Remaining term (yrs)23.823.830.0
Secondary amount$0$141,297$0
Funding fee$0$0$0
Note rate3.150%3.150%7.320%
Blended rate4.000%5.532%7.560%
1st payment$1,130.42$1,130.42$2,534.77
2nd payment$0.00$941.98$0.00
Taxes / mo$323.92$323.92$323.92
Insurance / mo$150.00$150.00$150.00
MI / mo$186.33$186.33$73.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,790.66$2,732.64$3,082.49
Cash to close$182,297$41,000$41,000