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$108,870$108,870$253,350
Remaining term (yrs)22.922.930.0
Secondary amount$0$144,480$0
Funding fee$0$0$0
Note rate3.770%3.770%7.320%
Blended rate4.620%6.548%7.560%
1st payment$590.47$590.47$1,740.34
2nd payment$0.00$963.20$0.00
Taxes / mo$250.42$250.42$250.42
Insurance / mo$150.00$150.00$150.00
MI / mo$90.09$90.09$50.67
HOA / mo$0.00$0.00$0.00
Total monthly$1,080.97$2,044.17$2,191.43
Cash to close$172,630$28,150$28,150