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$131,451$131,451$287,910
Remaining term (yrs)18.518.530.0
Secondary amount$0$156,459$0
Funding fee$0$0$0
Note rate3.700%3.700%7.400%
Blended rate4.550%6.425%7.640%
1st payment$813.50$813.50$1,993.43
2nd payment$0.00$1,043.06$0.00
Taxes / mo$207.00$207.00$207.00
Insurance / mo$150.00$150.00$150.00
MI / mo$125.19$125.19$57.58
HOA / mo$5.00$5.00$5.00
Total monthly$1,300.69$2,343.75$2,413.01
Cash to close$188,449$31,990$31,990