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$104,446$104,446$220,410
Remaining term (yrs)18.718.730.0
Secondary amount$0$115,964$0
Funding fee$0$0$0
Note rate4.040%4.040%7.400%
Blended rate4.890%6.526%7.640%
1st payment$660.79$660.79$1,526.07
2nd payment$0.00$773.09$0.00
Taxes / mo$73.25$73.25$73.25
Insurance / mo$150.00$150.00$150.00
MI / mo$97.57$97.57$44.08
HOA / mo$0.00$0.00$0.00
Total monthly$981.61$1,754.70$1,793.41
Cash to close$140,454$24,490$24,490