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$62,641$62,641$125,910
Remaining term (yrs)16.016.030.0
Secondary amount$0$63,269$0
Funding fee$0$0$0
Note rate3.500%3.500%7.400%
Blended rate4.350%6.687%7.640%
1st payment$423.27$423.27$871.78
2nd payment$0.00$474.51$0.00
Taxes / mo$117.67$117.67$117.67
Insurance / mo$150.00$150.00$150.00
MI / mo$66.77$66.77$25.18
HOA / mo$0.00$0.00$0.00
Total monthly$757.71$1,232.22$1,164.62
Cash to close$77,259$13,990$13,990