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$188,866$188,866$251,910
Remaining term (yrs)23.823.830.0
Secondary amount$0$63,044$0
Funding fee$0$0$0
Note rate3.100%3.100%7.320%
Blended rate3.950%5.214%7.560%
1st payment$932.71$932.71$1,730.45
2nd payment$0.00$472.83$0.00
Taxes / mo$219.42$219.42$219.42
Insurance / mo$150.00$150.00$150.00
MI / mo$154.72$154.72$50.38
HOA / mo$182.33$182.33$182.33
Total monthly$1,639.17$2,112.00$2,332.58
Cash to close$91,034$27,990$27,990