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$159,441$159,441$247,500
Remaining term (yrs)22.822.830.0
Secondary amount$0$88,059$0
Funding fee$0$0$0
Note rate3.800%3.800%7.400%
Blended rate4.650%6.198%7.640%
1st payment$869.28$869.28$1,713.64
2nd payment$0.00$660.44$0.00
Taxes / mo$348.67$348.67$348.67
Insurance / mo$150.00$150.00$150.00
MI / mo$132.15$132.15$49.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,500.09$2,160.53$2,261.81
Cash to close$115,559$27,500$27,500