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$116,740$116,740$187,200
Remaining term (yrs)23.023.030.0
Secondary amount$0$70,460$0
Funding fee$0$0$0
Note rate3.560%3.560%7.400%
Blended rate4.410%6.138%7.640%
1st payment$617.22$617.22$1,296.13
2nd payment$0.00$528.45$0.00
Taxes / mo$482.92$482.92$482.92
Insurance / mo$150.00$150.00$150.00
MI / mo$96.64$96.64$37.44
HOA / mo$0.00$0.00$0.00
Total monthly$1,346.78$1,875.22$1,966.49
Cash to close$91,260$20,800$20,800