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$103,106$103,106$242,910
Remaining term (yrs)20.020.030.0
Secondary amount$0$139,804$0
Funding fee$0$0$0
Note rate4.030%4.030%7.320%
Blended rate4.880%6.676%7.560%
1st payment$623.06$623.06$1,668.62
2nd payment$0.00$932.03$0.00
Taxes / mo$102.25$102.25$102.25
Insurance / mo$150.00$150.00$150.00
MI / mo$92.11$92.11$48.58
HOA / mo$0.00$0.00$0.00
Total monthly$967.42$1,899.45$1,969.46
Cash to close$166,794$26,990$26,990