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$143,207$143,207$216,000
Remaining term (yrs)25.425.430.0
Secondary amount$0$72,793$0
Funding fee$0$0$0
Note rate3.450%3.450%7.320%
Blended rate4.300%5.884%7.560%
1st payment$702.86$702.86$1,483.77
2nd payment$0.00$545.95$0.00
Taxes / mo$231.50$231.50$231.50
Insurance / mo$150.00$150.00$150.00
MI / mo$111.56$111.56$43.20
HOA / mo$250.00$250.00$250.00
Total monthly$1,445.92$1,991.87$2,158.47
Cash to close$96,793$24,000$24,000