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$179,121$179,121$322,200
Remaining term (yrs)21.121.130.0
Secondary amount$0$143,079$0
Funding fee$0$0$0
Note rate3.880%3.880%7.400%
Blended rate4.730%6.182%7.640%
1st payment$1,032.44$1,032.44$2,230.85
2nd payment$0.00$953.86$0.00
Taxes / mo$344.92$344.92$344.92
Insurance / mo$150.00$150.00$150.00
MI / mo$155.42$155.42$64.44
HOA / mo$158.00$158.00$158.00
Total monthly$1,840.78$2,794.64$2,948.20
Cash to close$178,879$35,800$35,800