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$99,020$99,020$260,910
Remaining term (yrs)13.913.930.0
Secondary amount$0$161,890$0
Funding fee$0$0$0
Note rate4.560%4.560%7.320%
Blended rate5.410%7.017%7.560%
1st payment$795.13$795.13$1,792.27
2nd payment$0.00$1,079.27$0.00
Taxes / mo$235.58$235.58$235.58
Insurance / mo$150.00$150.00$150.00
MI / mo$110.38$110.38$52.18
HOA / mo$1.58$1.58$1.58
Total monthly$1,292.67$2,371.94$2,231.62
Cash to close$190,880$28,990$28,990