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$141,446$141,446$261,000
Remaining term (yrs)23.123.130.0
Secondary amount$0$119,554$0
Funding fee$0$0$0
Note rate3.690%3.690%7.320%
Blended rate4.540%6.125%7.560%
1st payment$755.90$755.90$1,792.89
2nd payment$0.00$797.02$0.00
Taxes / mo$371.67$371.67$371.67
Insurance / mo$150.00$150.00$150.00
MI / mo$116.47$116.47$52.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,394.04$2,191.06$2,366.76
Cash to close$148,554$29,000$29,000