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$161,855$161,855$229,410
Remaining term (yrs)25.425.430.0
Secondary amount$0$67,555$0
Funding fee$0$0$0
Note rate3.380%3.380%7.400%
Blended rate4.230%5.635%7.640%
1st payment$788.31$788.31$1,588.39
2nd payment$0.00$506.66$0.00
Taxes / mo$225.17$225.17$225.17
Insurance / mo$150.00$150.00$150.00
MI / mo$126.23$126.23$45.88
HOA / mo$310.00$310.00$310.00
Total monthly$1,599.70$2,106.36$2,319.44
Cash to close$93,045$25,490$25,490