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$67,777$67,777$360,000
Remaining term (yrs)15.515.530.0
Secondary amount$0$292,223$0
Funding fee$0$0$0
Note rate3.950%3.950%7.320%
Blended rate4.800%7.195%7.560%
1st payment$484.08$484.08$2,472.95
2nd payment$0.00$1,887.27$0.00
Taxes / mo$130.25$130.25$130.25
Insurance / mo$150.00$150.00$150.00
MI / mo$72.26$72.26$72.00
HOA / mo$45.00$45.00$45.00
Total monthly$881.58$2,768.85$2,870.20
Cash to close$332,223$40,000$40,000