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$95,826$95,826$242,910
Remaining term (yrs)19.019.030.0
Secondary amount$0$147,084$0
Funding fee$0$0$0
Note rate3.900%3.900%7.400%
Blended rate4.750%6.718%7.640%
1st payment$592.22$592.22$1,681.86
2nd payment$0.00$980.56$0.00
Taxes / mo$212.83$212.83$212.83
Insurance / mo$150.00$150.00$150.00
MI / mo$88.94$88.94$48.58
HOA / mo$0.00$0.00$0.00
Total monthly$1,043.99$2,024.55$2,093.28
Cash to close$174,074$26,990$26,990