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$99,719$99,719$287,100
Remaining term (yrs)21.721.730.0
Secondary amount$0$187,381$0
Funding fee$0$0$0
Note rate4.590%4.590%7.320%
Blended rate5.440%7.111%7.560%
1st payment$603.32$603.32$1,972.18
2nd payment$0.00$1,249.21$0.00
Taxes / mo$238.11$238.11$238.11
Insurance / mo$150.00$150.00$150.00
MI / mo$83.46$83.46$57.42
HOA / mo$0.00$0.00$0.00
Total monthly$1,074.89$2,324.10$2,417.71
Cash to close$219,281$31,900$31,900