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$49,968$49,968$260,910
Remaining term (yrs)14.714.730.0
Secondary amount$0$210,942$0
Funding fee$0$0$0
Note rate4.880%4.880%7.400%
Blended rate5.730%7.363%7.640%
1st payment$395.02$395.02$1,806.49
2nd payment$0.00$1,362.34$0.00
Taxes / mo$13.82$13.82$13.82
Insurance / mo$150.00$150.00$150.00
MI / mo$52.84$52.84$52.18
HOA / mo$0.00$0.00$0.00
Total monthly$611.67$1,974.01$2,022.49
Cash to close$239,932$28,990$28,990