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$98,633$98,633$152,100
Remaining term (yrs)21.421.430.0
Secondary amount$0$53,467$0
Funding fee$0$0$0
Note rate4.430%4.430%7.320%
Blended rate5.280%6.588%7.560%
1st payment$592.12$592.12$1,044.82
2nd payment$0.00$401.00$0.00
Taxes / mo$95.92$95.92$95.92
Insurance / mo$150.00$150.00$150.00
MI / mo$83.46$83.46$30.42
HOA / mo$0.00$0.00$0.00
Total monthly$921.49$1,322.49$1,321.16
Cash to close$70,367$16,900$16,900