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$108,213$108,213$256,500
Remaining term (yrs)15.715.730.0
Secondary amount$0$148,287$0
Funding fee$0$0$0
Note rate3.830%3.830%7.400%
Blended rate4.680%6.599%7.640%
1st payment$760.46$760.46$1,775.95
2nd payment$0.00$988.58$0.00
Taxes / mo$93.67$93.67$93.67
Insurance / mo$150.00$150.00$150.00
MI / mo$115.18$115.18$51.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,119.31$2,107.89$2,070.92
Cash to close$176,787$28,500$28,500