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$213,534$213,534$337,500
Remaining term (yrs)24.124.130.0
Secondary amount$0$123,966$0
Funding fee$0$0$0
Note rate3.240%3.240%7.320%
Blended rate4.090%5.526%7.560%
1st payment$1,060.37$1,060.37$2,318.39
2nd payment$0.00$826.44$0.00
Taxes / mo$584.67$584.67$584.67
Insurance / mo$150.00$150.00$150.00
MI / mo$172.80$172.80$67.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,967.84$2,794.28$3,120.56
Cash to close$161,466$37,500$37,500