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$115,904$115,904$449,910
Remaining term (yrs)11.211.230.0
Secondary amount$0$334,006$0
Funding fee$0$0$0
Note rate5.950%5.950%7.400%
Blended rate6.800%7.505%7.640%
1st payment$1,173.66$1,173.66$3,115.09
2nd payment$0.00$2,157.12$0.00
Taxes / mo$99.17$99.17$99.17
Insurance / mo$166.67$166.67$166.67
MI / mo$139.41$139.41$89.98
HOA / mo$50.00$50.00$50.00
Total monthly$1,628.90$3,786.03$3,520.90
Cash to close$383,996$49,990$49,990