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$79,209$79,209$166,410
Remaining term (yrs)18.618.630.0
Secondary amount$0$87,201$0
Funding fee$0$0$0
Note rate3.500%3.500%7.400%
Blended rate4.350%6.787%7.640%
1st payment$480.59$480.59$1,152.19
2nd payment$0.00$654.01$0.00
Taxes / mo$271.00$271.00$271.00
Insurance / mo$150.00$150.00$150.00
MI / mo$75.81$75.81$33.28
HOA / mo$340.00$340.00$340.00
Total monthly$1,317.40$1,971.41$1,946.47
Cash to close$105,691$18,490$18,490