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$196,358$196,358$332,910
Remaining term (yrs)20.920.930.0
Secondary amount$0$136,552$0
Funding fee$0$0$0
Note rate3.240%3.240%7.400%
Blended rate4.090%5.694%7.640%
1st payment$1,075.13$1,075.13$2,305.00
2nd payment$0.00$910.35$0.00
Taxes / mo$119.83$119.83$119.83
Insurance / mo$150.00$150.00$150.00
MI / mo$175.21$175.21$66.58
HOA / mo$10.42$10.42$10.42
Total monthly$1,530.59$2,440.93$2,651.84
Cash to close$173,542$36,990$36,990