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$185,206$185,206$368,550
Remaining term (yrs)19.919.930.0
Secondary amount$0$183,344$0
Funding fee$0$0$0
Note rate3.990%3.990%7.400%
Blended rate4.840%6.412%7.640%
1st payment$1,121.34$1,121.34$2,551.77
2nd payment$0.00$1,222.29$0.00
Taxes / mo$172.75$172.75$172.75
Insurance / mo$150.00$150.00$150.00
MI / mo$166.57$166.57$73.71
HOA / mo$77.00$77.00$77.00
Total monthly$1,687.66$2,909.95$3,025.23
Cash to close$224,294$40,950$40,950