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$115,939$115,939$305,910
Remaining term (yrs)19.719.730.0
Secondary amount$0$189,971$0
Funding fee$0$0$0
Note rate3.570%3.570%7.400%
Blended rate4.420%6.643%7.640%
1st payment$680.47$680.47$2,118.06
2nd payment$0.00$1,266.48$0.00
Taxes / mo$168.08$168.08$168.08
Insurance / mo$150.00$150.00$150.00
MI / mo$106.41$106.41$61.18
HOA / mo$0.00$0.00$0.00
Total monthly$1,104.97$2,371.44$2,497.32
Cash to close$223,961$33,990$33,990