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$91,852$91,852$238,500
Remaining term (yrs)19.519.530.0
Secondary amount$0$146,648$0
Funding fee$0$0$0
Note rate3.710%3.710%7.400%
Blended rate4.560%6.675%7.640%
1st payment$548.88$548.88$1,651.33
2nd payment$0.00$977.66$0.00
Taxes / mo$115.92$115.92$115.92
Insurance / mo$150.00$150.00$150.00
MI / mo$84.36$84.36$47.70
HOA / mo$14.17$14.17$14.17
Total monthly$913.33$1,890.99$1,979.11
Cash to close$173,148$26,500$26,500