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$159,779$159,779$296,910
Remaining term (yrs)19.919.930.0
Secondary amount$0$137,131$0
Funding fee$0$0$0
Note rate3.460%3.460%7.400%
Blended rate4.310%6.014%7.640%
1st payment$920.72$920.72$2,055.74
2nd payment$0.00$914.21$0.00
Taxes / mo$376.83$376.83$376.83
Insurance / mo$150.00$150.00$150.00
MI / mo$145.96$145.96$59.38
HOA / mo$43.33$43.33$43.33
Total monthly$1,636.84$2,551.05$2,685.29
Cash to close$170,121$32,990$32,990