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$138,872$138,872$292,500
Remaining term (yrs)19.719.730.0
Secondary amount$0$153,628$0
Funding fee$0$0$0
Note rate3.610%3.610%7.400%
Blended rate4.460%6.319%7.640%
1st payment$817.94$817.94$2,025.21
2nd payment$0.00$1,024.19$0.00
Taxes / mo$182.75$182.75$182.75
Insurance / mo$150.00$150.00$150.00
MI / mo$127.28$127.28$58.50
HOA / mo$44.67$44.67$44.67
Total monthly$1,322.64$2,346.82$2,461.13
Cash to close$186,128$32,500$32,500