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$83,950$83,950$206,910
Remaining term (yrs)21.321.330.0
Secondary amount$0$122,960$0
Funding fee$0$0$0
Note rate3.950%3.950%7.320%
Blended rate4.800%6.702%7.560%
1st payment$484.58$484.58$1,421.33
2nd payment$0.00$819.74$0.00
Taxes / mo$65.25$65.25$65.25
Insurance / mo$150.00$150.00$150.00
MI / mo$72.33$72.33$41.38
HOA / mo$0.00$0.00$0.00
Total monthly$772.16$1,591.90$1,677.96
Cash to close$145,950$22,990$22,990