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$112,660$112,660$337,500
Remaining term (yrs)18.418.430.0
Secondary amount$0$224,840$0
Funding fee$0$0$0
Note rate3.660%3.660%7.400%
Blended rate4.510%6.668%7.640%
1st payment$697.08$697.08$2,336.78
2nd payment$0.00$1,452.09$0.00
Taxes / mo$312.50$312.50$312.50
Insurance / mo$150.00$150.00$150.00
MI / mo$107.80$107.80$67.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,267.38$2,719.47$2,866.78
Cash to close$262,340$37,500$37,500