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$143,805$143,805$314,910
Remaining term (yrs)18.618.630.0
Secondary amount$0$171,105$0
Funding fee$0$0$0
Note rate3.870%3.870%7.400%
Blended rate4.720%6.502%7.640%
1st payment$899.81$899.81$2,180.37
2nd payment$0.00$1,140.70$0.00
Taxes / mo$280.42$280.42$280.42
Insurance / mo$150.00$150.00$150.00
MI / mo$135.62$135.62$62.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,465.85$2,606.55$2,673.77
Cash to close$206,095$34,990$34,990