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$143,522$143,522$549,799
Remaining term (yrs)21.021.030.0
Secondary amount$0$406,278$0
Funding fee$0$0$0
Note rate3.820%3.820%7.400%
Blended rate4.670%6.946%7.640%
1st payment$824.79$824.79$3,806.70
2nd payment$0.00$2,623.88$0.00
Taxes / mo$509.07$509.07$509.07
Insurance / mo$166.67$166.67$166.67
MI / mo$125.08$125.08$109.96
HOA / mo$0.00$0.00$0.00
Total monthly$1,625.61$4,249.48$4,592.40
Cash to close$467,366$61,089$61,089