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$99,993$99,993$202,500
Remaining term (yrs)23.123.130.0
Secondary amount$0$102,507$0
Funding fee$0$0$0
Note rate3.780%3.780%7.320%
Blended rate4.630%6.336%7.560%
1st payment$539.19$539.19$1,391.03
2nd payment$0.00$683.38$0.00
Taxes / mo$59.00$59.00$59.00
Insurance / mo$150.00$150.00$150.00
MI / mo$82.17$82.17$40.50
HOA / mo$103.00$103.00$103.00
Total monthly$933.36$1,616.74$1,743.53
Cash to close$125,007$22,500$22,500