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$62,581$62,581$189,000
Remaining term (yrs)15.315.330.0
Secondary amount$0$126,419$0
Funding fee$0$0$0
Note rate3.950%3.950%7.400%
Blended rate4.800%6.940%7.640%
1st payment$452.20$452.20$1,308.60
2nd payment$0.00$842.80$0.00
Taxes / mo$46.83$46.83$46.83
Insurance / mo$150.00$150.00$150.00
MI / mo$67.50$67.50$37.80
HOA / mo$0.00$0.00$0.00
Total monthly$716.53$1,559.33$1,543.23
Cash to close$147,419$21,000$21,000