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$105,950$105,950$359,100
Remaining term (yrs)15.915.930.0
Secondary amount$0$253,150$0
Funding fee$0$0$0
Note rate3.560%3.560%7.400%
Blended rate4.410%6.765%7.640%
1st payment$721.83$721.83$2,486.34
2nd payment$0.00$1,634.93$0.00
Taxes / mo$366.00$366.00$366.00
Insurance / mo$150.00$150.00$150.00
MI / mo$113.02$113.02$71.82
HOA / mo$25.00$25.00$25.00
Total monthly$1,375.85$3,010.78$3,099.16
Cash to close$293,050$39,900$39,900