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$108,683$108,683$144,000
Remaining term (yrs)23.323.330.0
Secondary amount$0$35,317$0
Funding fee$0$0$0
Note rate3.640%3.640%7.320%
Blended rate4.490%5.596%7.560%
1st payment$575.30$575.30$989.18
2nd payment$0.00$264.87$0.00
Taxes / mo$327.50$327.50$327.50
Insurance / mo$150.00$150.00$150.00
MI / mo$89.19$89.19$28.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,141.99$1,406.86$1,495.48
Cash to close$51,317$16,000$16,000