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$87,307$87,307$254,250
Remaining term (yrs)16.416.430.0
Secondary amount$0$166,943$0
Funding fee$0$0$0
Note rate3.530%3.530%7.400%
Blended rate4.380%6.757%7.640%
1st payment$580.23$580.23$1,760.38
2nd payment$0.00$1,112.95$0.00
Taxes / mo$174.17$174.17$174.17
Insurance / mo$150.00$150.00$150.00
MI / mo$91.19$91.19$50.85
HOA / mo$0.00$0.00$0.00
Total monthly$995.58$2,108.53$2,135.39
Cash to close$195,193$28,250$28,250