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$54,806$54,806$279,000
Remaining term (yrs)13.213.230.0
Secondary amount$0$224,194$0
Funding fee$0$0$0
Note rate5.250%5.250%7.400%
Blended rate6.100%7.426%7.640%
1st payment$477.02$477.02$1,931.74
2nd payment$0.00$1,447.92$0.00
Taxes / mo$149.42$149.42$149.42
Insurance / mo$150.00$150.00$150.00
MI / mo$61.19$61.19$55.80
HOA / mo$500.00$500.00$500.00
Total monthly$1,337.63$2,785.54$2,786.96
Cash to close$255,194$31,000$31,000