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$129,386$129,386$310,410
Remaining term (yrs)20.020.030.0
Secondary amount$0$181,024$0
Funding fee$0$0$0
Note rate3.420%3.420%7.400%
Blended rate4.270%6.445%7.640%
1st payment$740.79$740.79$2,149.22
2nd payment$0.00$1,206.83$0.00
Taxes / mo$311.75$311.75$311.75
Insurance / mo$150.00$150.00$150.00
MI / mo$118.02$118.02$62.08
HOA / mo$8.75$8.75$8.75
Total monthly$1,329.31$2,536.14$2,681.80
Cash to close$215,514$34,490$34,490