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$112,617$112,617$378,000
Remaining term (yrs)15.415.430.0
Secondary amount$0$265,383$0
Funding fee$0$0$0
Note rate3.890%3.890%7.320%
Blended rate4.740%6.853%7.560%
1st payment$804.04$804.04$2,596.60
2nd payment$0.00$1,713.93$0.00
Taxes / mo$193.83$193.83$193.83
Insurance / mo$150.00$150.00$150.00
MI / mo$120.89$120.89$75.60
HOA / mo$36.00$36.00$36.00
Total monthly$1,304.77$3,018.70$3,052.03
Cash to close$307,383$42,000$42,000