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$105,869$105,869$215,910
Remaining term (yrs)23.423.430.0
Secondary amount$0$110,041$0
Funding fee$0$0$0
Note rate3.510%3.510%7.400%
Blended rate4.360%6.215%7.640%
1st payment$551.82$551.82$1,494.92
2nd payment$0.00$733.61$0.00
Taxes / mo$18.58$18.58$18.58
Insurance / mo$150.00$150.00$150.00
MI / mo$86.94$86.94$43.18
HOA / mo$0.00$0.00$0.00
Total monthly$807.34$1,540.95$1,706.68
Cash to close$134,031$23,990$23,990