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$82,012$82,012$232,110
Remaining term (yrs)18.918.930.0
Secondary amount$0$150,098$0
Funding fee$0$0$0
Note rate3.880%3.880%7.400%
Blended rate4.730%6.845%7.640%
1st payment$507.48$507.48$1,607.08
2nd payment$0.00$1,000.66$0.00
Taxes / mo$186.25$186.25$186.25
Insurance / mo$150.00$150.00$150.00
MI / mo$76.40$76.40$46.42
HOA / mo$581.00$581.00$581.00
Total monthly$1,501.13$2,501.79$2,570.75
Cash to close$175,888$25,790$25,790