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$103,677$103,677$435,600
Remaining term (yrs)18.418.430.0
Secondary amount$0$331,923$0
Funding fee$0$0$0
Note rate3.670%3.670%7.400%
Blended rate4.520%6.981%7.640%
1st payment$642.02$642.02$3,016.01
2nd payment$0.00$2,143.67$0.00
Taxes / mo$403.33$403.33$403.33
Insurance / mo$166.67$166.67$166.67
MI / mo$99.17$99.17$87.12
HOA / mo$473.00$473.00$473.00
Total monthly$1,784.19$3,927.86$4,146.13
Cash to close$380,323$48,400$48,400