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$193,232$193,232$320,399
Remaining term (yrs)23.323.330.0
Secondary amount$0$127,167$0
Funding fee$0$0$0
Note rate3.740%3.740%7.320%
Blended rate4.590%5.943%7.560%
1st payment$1,033.18$1,033.18$2,200.92
2nd payment$0.00$847.78$0.00
Taxes / mo$254.58$254.58$254.58
Insurance / mo$150.00$150.00$150.00
MI / mo$158.22$158.22$64.08
HOA / mo$85.00$85.00$85.00
Total monthly$1,680.99$2,528.77$2,754.58
Cash to close$162,767$35,600$35,600