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$112,917$112,917$197,910
Remaining term (yrs)23.623.630.0
Secondary amount$0$84,993$0
Funding fee$0$0$0
Note rate3.310%3.310%7.400%
Blended rate4.160%6.239%7.640%
1st payment$572.65$572.65$1,370.29
2nd payment$0.00$637.44$0.00
Taxes / mo$151.23$151.23$151.23
Insurance / mo$150.00$150.00$150.00
MI / mo$92.50$92.50$39.58
HOA / mo$210.00$210.00$210.00
Total monthly$1,176.38$1,813.82$1,921.10
Cash to close$106,983$21,990$21,990