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$157,104$157,104$382,500
Remaining term (yrs)19.519.530.0
Secondary amount$0$225,396$0
Funding fee$0$0$0
Note rate3.640%3.640%7.320%
Blended rate4.490%6.411%7.560%
1st payment$933.13$933.13$2,627.51
2nd payment$0.00$1,455.68$0.00
Taxes / mo$167.67$167.67$167.67
Insurance / mo$150.00$150.00$150.00
MI / mo$144.66$144.66$76.50
HOA / mo$113.00$113.00$113.00
Total monthly$1,508.46$2,964.14$3,134.68
Cash to close$267,896$42,500$42,500