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$55,748$55,748$134,910
Remaining term (yrs)20.920.930.0
Secondary amount$0$79,162$0
Funding fee$0$0$0
Note rate3.920%3.920%7.400%
Blended rate4.770%7.252%7.640%
1st payment$324.98$324.98$934.09
2nd payment$0.00$593.71$0.00
Taxes / mo$90.50$90.50$90.50
Insurance / mo$150.00$150.00$150.00
MI / mo$48.69$48.69$26.98
HOA / mo$0.00$0.00$0.00
Total monthly$614.16$1,207.87$1,201.57
Cash to close$94,152$14,990$14,990