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$94,406$94,406$292,500
Remaining term (yrs)15.915.930.0
Secondary amount$0$198,094$0
Funding fee$0$0$0
Note rate3.550%3.550%7.400%
Blended rate4.400%6.838%7.640%
1st payment$642.72$642.72$2,025.21
2nd payment$0.00$1,320.62$0.00
Taxes / mo$321.83$321.83$321.83
Insurance / mo$150.00$150.00$150.00
MI / mo$100.76$100.76$58.50
HOA / mo$230.00$230.00$230.00
Total monthly$1,445.31$2,765.93$2,785.54
Cash to close$230,594$32,500$32,500