Dan Frey Home Loans
Call Coya

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$281,711$281,711$467,100
Remaining term (yrs)23.723.730.0
Secondary amount$0$185,389$0
Funding fee$0$0$0
Note rate3.180%3.180%7.240%
Blended rate4.030%5.606%7.480%
1st payment$1,406.22$1,406.22$3,183.28
2nd payment$0.00$1,235.93$0.00
Taxes / mo$611.75$611.75$611.75
Insurance / mo$166.67$166.67$166.67
MI / mo$230.91$230.91$93.42
HOA / mo$0.00$0.00$0.00
Total monthly$2,415.54$3,651.47$4,055.11
Cash to close$237,289$51,900$51,900