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$91,866$91,866$256,500
Remaining term (yrs)18.518.530.0
Secondary amount$0$164,634$0
Funding fee$0$0$0
Note rate3.860%3.860%7.320%
Blended rate4.710%6.822%7.560%
1st payment$576.09$576.09$1,761.98
2nd payment$0.00$1,097.56$0.00
Taxes / mo$211.67$211.67$211.67
Insurance / mo$150.00$150.00$150.00
MI / mo$86.94$86.94$51.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,024.70$2,122.25$2,174.94
Cash to close$193,134$28,500$28,500