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$136,209$136,209$234,000
Remaining term (yrs)25.325.330.0
Secondary amount$0$97,791$0
Funding fee$0$0$0
Note rate3.110%3.110%7.400%
Blended rate3.960%6.066%7.640%
1st payment$646.65$646.65$1,620.17
2nd payment$0.00$733.43$0.00
Taxes / mo$143.67$143.67$143.67
Insurance / mo$150.00$150.00$150.00
MI / mo$107.13$107.13$46.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,047.45$1,780.88$1,960.64
Cash to close$123,791$26,000$26,000