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$116,047$116,047$290,700
Remaining term (yrs)15.915.930.0
Secondary amount$0$174,653$0
Funding fee$0$0$0
Note rate3.550%3.550%7.400%
Blended rate4.400%6.563%7.640%
1st payment$793.10$793.10$2,012.75
2nd payment$0.00$1,164.35$0.00
Taxes / mo$639.83$639.83$639.83
Insurance / mo$150.00$150.00$150.00
MI / mo$124.33$124.33$58.14
HOA / mo$25.00$25.00$25.00
Total monthly$1,732.26$2,896.61$2,885.72
Cash to close$206,953$32,300$32,300