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$118,416$118,416$292,500
Remaining term (yrs)15.815.830.0
Secondary amount$0$174,084$0
Funding fee$0$0$0
Note rate3.670%3.670%7.400%
Blended rate4.520%6.591%7.640%
1st payment$819.51$819.51$2,025.21
2nd payment$0.00$1,160.56$0.00
Taxes / mo$325.58$325.58$325.58
Insurance / mo$150.00$150.00$150.00
MI / mo$126.58$126.58$58.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,421.67$2,582.23$2,559.29
Cash to close$206,584$32,500$32,500