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$68,794$68,794$342,000
Remaining term (yrs)7.47.430.0
Secondary amount$0$273,206$0
Funding fee$0$0$0
Note rate4.000%4.000%7.320%
Blended rate4.850%7.167%7.560%
1st payment$886.02$886.02$2,349.30
2nd payment$0.00$1,764.46$0.00
Taxes / mo$377.42$377.42$377.42
Insurance / mo$150.00$150.00$150.00
MI / mo$131.46$131.46$68.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,544.89$3,309.35$2,945.12
Cash to close$311,206$38,000$38,000