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$111,169$111,169$382,500
Remaining term (yrs)16.316.330.0
Secondary amount$0$271,331$0
Funding fee$0$0$0
Note rate3.250%3.250%7.400%
Blended rate4.100%6.689%7.640%
1st payment$728.92$728.92$2,648.35
2nd payment$0.00$1,752.35$0.00
Taxes / mo$267.36$267.36$267.36
Insurance / mo$150.00$150.00$150.00
MI / mo$118.64$118.64$76.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,264.91$3,017.26$3,142.21
Cash to close$313,831$42,500$42,500