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$98,764$98,764$206,910
Remaining term (yrs)21.121.130.0
Secondary amount$0$108,146$0
Funding fee$0$0$0
Note rate3.940%3.940%7.400%
Blended rate4.790%6.468%7.640%
1st payment$572.41$572.41$1,432.60
2nd payment$0.00$720.97$0.00
Taxes / mo$141.92$141.92$141.92
Insurance / mo$150.00$150.00$150.00
MI / mo$85.55$85.55$41.38
HOA / mo$1.00$1.00$1.00
Total monthly$950.88$1,671.85$1,766.90
Cash to close$131,136$22,990$22,990