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$158,212$158,212$279,000
Remaining term (yrs)19.419.430.0
Secondary amount$0$120,788$0
Funding fee$0$0$0
Note rate3.650%3.650%7.400%
Blended rate4.500%6.015%7.640%
1st payment$943.26$943.26$1,931.74
2nd payment$0.00$805.25$0.00
Taxes / mo$205.97$205.97$205.97
Insurance / mo$150.00$150.00$150.00
MI / mo$146.06$146.06$55.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,445.29$2,250.54$2,343.51
Cash to close$151,788$31,000$31,000