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$113,765$113,765$440,100
Remaining term (yrs)15.415.430.0
Secondary amount$0$326,335$0
Funding fee$0$0$0
Note rate3.960%3.960%7.400%
Blended rate4.810%6.990%7.640%
1st payment$819.41$819.41$3,047.16
2nd payment$0.00$2,107.58$0.00
Taxes / mo$268.25$268.25$268.25
Insurance / mo$166.67$166.67$166.67
MI / mo$122.16$122.16$88.02
HOA / mo$70.00$70.00$70.00
Total monthly$1,446.49$3,554.07$3,640.10
Cash to close$375,235$48,900$48,900