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$124,686$124,686$323,100
Remaining term (yrs)23.823.830.0
Secondary amount$0$198,414$0
Funding fee$0$0$0
Note rate3.240%3.240%7.320%
Blended rate4.090%6.491%7.560%
1st payment$624.86$624.86$2,219.47
2nd payment$0.00$1,322.76$0.00
Taxes / mo$190.42$190.42$190.42
Insurance / mo$150.00$150.00$150.00
MI / mo$101.83$101.83$64.62
HOA / mo$0.00$0.00$0.00
Total monthly$1,067.10$2,389.86$2,624.51
Cash to close$234,314$35,900$35,900