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$91,330$91,330$261,000
Remaining term (yrs)16.516.530.0
Secondary amount$0$169,670$0
Funding fee$0$0$0
Note rate3.570%3.570%7.400%
Blended rate4.420%6.747%7.640%
1st payment$606.56$606.56$1,807.11
2nd payment$0.00$1,131.13$0.00
Taxes / mo$241.67$241.67$241.67
Insurance / mo$150.00$150.00$150.00
MI / mo$94.85$94.85$52.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,093.07$2,224.21$2,250.98
Cash to close$198,670$29,000$29,000