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$176,163$176,163$359,910
Remaining term (yrs)21.021.030.0
Secondary amount$0$183,747$0
Funding fee$0$0$0
Note rate3.900%3.900%7.320%
Blended rate4.750%6.409%7.560%
1st payment$1,019.83$1,019.83$2,472.33
2nd payment$0.00$1,224.98$0.00
Taxes / mo$397.33$397.33$397.33
Insurance / mo$150.00$150.00$150.00
MI / mo$153.15$153.15$71.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,720.32$2,945.30$3,091.65
Cash to close$223,737$39,990$39,990