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$94,301$94,301$292,410
Remaining term (yrs)19.919.930.0
Secondary amount$0$198,109$0
Funding fee$0$0$0
Note rate3.430%3.430%7.400%
Blended rate4.280%6.800%7.640%
1st payment$543.52$543.52$2,024.59
2nd payment$0.00$1,320.72$0.00
Taxes / mo$136.81$136.81$136.81
Insurance / mo$150.00$150.00$150.00
MI / mo$86.49$86.49$58.48
HOA / mo$0.00$0.00$0.00
Total monthly$916.82$2,237.55$2,369.88
Cash to close$230,599$32,490$32,490