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$86,948$86,948$215,100
Remaining term (yrs)16.616.630.0
Secondary amount$0$128,152$0
Funding fee$0$0$0
Note rate3.540%3.540%7.400%
Blended rate4.390%6.541%7.640%
1st payment$574.05$574.05$1,489.31
2nd payment$0.00$854.35$0.00
Taxes / mo$279.23$279.23$279.23
Insurance / mo$150.00$150.00$150.00
MI / mo$90.10$90.10$43.02
HOA / mo$0.00$0.00$0.00
Total monthly$1,093.38$1,947.73$1,961.56
Cash to close$152,052$23,900$23,900