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$89,624$89,624$247,410
Remaining term (yrs)23.423.430.0
Secondary amount$0$157,786$0
Funding fee$0$0$0
Note rate3.400%3.400%7.400%
Blended rate4.250%6.642%7.640%
1st payment$460.87$460.87$1,713.02
2nd payment$0.00$1,051.91$0.00
Taxes / mo$52.58$52.58$52.58
Insurance / mo$150.00$150.00$150.00
MI / mo$73.61$73.61$49.48
HOA / mo$0.00$0.00$0.00
Total monthly$737.07$1,788.97$1,965.08
Cash to close$185,276$27,490$27,490