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$137,932$137,932$220,497
Remaining term (yrs)23.623.630.0
Secondary amount$0$82,565$0
Funding fee$0$0$0
Note rate3.300%3.300%7.320%
Blended rate4.150%5.966%7.560%
1st payment$698.78$698.78$1,514.66
2nd payment$0.00$619.24$0.00
Taxes / mo$191.42$191.42$191.42
Insurance / mo$150.00$150.00$150.00
MI / mo$113.02$113.02$44.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,153.22$1,772.46$1,900.18
Cash to close$107,065$24,500$24,500