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$46,312$46,312$161,910
Remaining term (yrs)15.515.530.0
Secondary amount$0$115,598$0
Funding fee$0$0$0
Note rate5.000%5.000%7.320%
Blended rate5.850%7.385%7.560%
1st payment$355.78$355.78$1,112.21
2nd payment$0.00$770.65$0.00
Taxes / mo$141.58$141.58$141.58
Insurance / mo$150.00$150.00$150.00
MI / mo$46.95$46.95$32.38
HOA / mo$661.00$661.00$661.00
Total monthly$1,355.31$2,125.96$2,097.17
Cash to close$133,588$17,990$17,990