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$109,915$109,915$189,000
Remaining term (yrs)25.325.330.0
Secondary amount$0$79,085$0
Funding fee$0$0$0
Note rate3.100%3.100%7.320%
Blended rate3.950%6.063%7.560%
1st payment$521.25$521.25$1,298.30
2nd payment$0.00$593.14$0.00
Taxes / mo$91.50$91.50$91.50
Insurance / mo$150.00$150.00$150.00
MI / mo$86.46$86.46$37.80
HOA / mo$240.00$240.00$240.00
Total monthly$1,089.21$1,682.35$1,817.60
Cash to close$100,085$21,000$21,000