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$210,116$210,116$364,500
Remaining term (yrs)23.423.430.0
Secondary amount$0$154,384$0
Funding fee$0$0$0
Note rate3.400%3.400%7.320%
Blended rate4.250%5.838%7.560%
1st payment$1,082.98$1,082.98$2,503.86
2nd payment$0.00$1,029.23$0.00
Taxes / mo$383.83$383.83$383.83
Insurance / mo$150.00$150.00$150.00
MI / mo$172.98$172.98$72.90
HOA / mo$24.67$24.67$24.67
Total monthly$1,814.46$2,843.69$3,135.27
Cash to close$194,884$40,500$40,500