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$63,786$63,786$314,910
Remaining term (yrs)13.013.030.0
Secondary amount$0$251,124$0
Funding fee$0$0$0
Note rate5.250%5.250%7.320%
Blended rate6.100%7.416%7.560%
1st payment$560.03$560.03$2,163.21
2nd payment$0.00$1,621.85$0.00
Taxes / mo$138.12$138.12$138.12
Insurance / mo$150.00$150.00$150.00
MI / mo$71.84$71.84$62.98
HOA / mo$16.67$16.67$16.67
Total monthly$936.66$2,558.50$2,530.98
Cash to close$286,114$34,990$34,990