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$96,685$96,685$359,910
Remaining term (yrs)11.611.630.0
Secondary amount$0$263,225$0
Funding fee$0$0$0
Note rate6.000%6.000%7.400%
Blended rate6.850%7.508%7.640%
1st payment$957.24$957.24$2,491.94
2nd payment$0.00$1,699.99$0.00
Taxes / mo$333.25$333.25$333.25
Insurance / mo$150.00$150.00$150.00
MI / mo$113.09$113.09$71.98
HOA / mo$360.00$360.00$360.00
Total monthly$1,913.58$3,613.57$3,407.18
Cash to close$303,215$39,990$39,990