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$53,909$53,909$165,510
Remaining term (yrs)16.416.430.0
Secondary amount$0$111,601$0
Funding fee$0$0$0
Note rate3.530%3.530%7.400%
Blended rate4.380%6.821%7.640%
1st payment$358.27$358.27$1,145.96
2nd payment$0.00$744.01$0.00
Taxes / mo$75.17$75.17$75.17
Insurance / mo$150.00$150.00$150.00
MI / mo$56.30$56.30$33.10
HOA / mo$0.00$0.00$0.00
Total monthly$639.74$1,383.75$1,404.23
Cash to close$129,991$18,390$18,390