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$143,912$143,912$305,730
Remaining term (yrs)16.016.030.0
Secondary amount$0$161,818$0
Funding fee$0$0$0
Note rate3.550%3.550%7.320%
Blended rate4.400%6.305%7.560%
1st payment$976.00$976.00$2,100.15
2nd payment$0.00$1,078.79$0.00
Taxes / mo$461.17$461.17$461.17
Insurance / mo$150.00$150.00$150.00
MI / mo$153.00$153.00$61.15
HOA / mo$0.00$0.00$0.00
Total monthly$1,740.17$2,818.96$2,772.47
Cash to close$195,788$33,970$33,970