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$112,521$112,521$179,100
Remaining term (yrs)18.818.830.0
Secondary amount$0$66,579$0
Funding fee$0$0$0
Note rate3.190%3.190%7.400%
Blended rate4.040%5.884%7.640%
1st payment$660.84$660.84$1,240.05
2nd payment$0.00$499.34$0.00
Taxes / mo$80.25$80.25$80.25
Insurance / mo$150.00$150.00$150.00
MI / mo$108.38$108.38$35.82
HOA / mo$430.00$430.00$430.00
Total monthly$1,429.46$1,928.80$1,936.12
Cash to close$86,479$19,900$19,900