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$107,116$107,116$378,000
Remaining term (yrs)12.912.930.0
Secondary amount$0$270,884$0
Funding fee$0$0$0
Note rate5.250%5.250%7.400%
Blended rate6.100%7.282%7.640%
1st payment$948.85$948.85$2,617.20
2nd payment$0.00$1,749.46$0.00
Taxes / mo$239.08$239.08$239.08
Insurance / mo$150.00$150.00$150.00
MI / mo$121.71$121.71$75.60
HOA / mo$39.33$39.33$39.33
Total monthly$1,498.98$3,248.44$3,121.21
Cash to close$312,884$42,000$42,000