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$101,039$101,039$199,710
Remaining term (yrs)19.819.830.0
Secondary amount$0$98,671$0
Funding fee$0$0$0
Note rate3.560%3.560%7.400%
Blended rate4.410%6.678%7.640%
1st payment$590.79$590.79$1,382.75
2nd payment$0.00$740.04$0.00
Taxes / mo$308.33$308.33$308.33
Insurance / mo$150.00$150.00$150.00
MI / mo$92.50$92.50$39.94
HOA / mo$250.00$250.00$250.00
Total monthly$1,391.63$2,131.67$2,131.03
Cash to close$120,861$22,190$22,190