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$56,640$56,640$305,910
Remaining term (yrs)16.116.130.0
Secondary amount$0$249,270$0
Funding fee$0$0$0
Note rate3.380%3.380%7.400%
Blended rate4.230%7.098%7.640%
1st payment$377.89$377.89$2,118.06
2nd payment$0.00$1,609.87$0.00
Taxes / mo$107.42$107.42$107.42
Insurance / mo$150.00$150.00$150.00
MI / mo$60.51$60.51$61.18
HOA / mo$0.00$0.00$0.00
Total monthly$695.82$2,305.69$2,436.66
Cash to close$283,260$33,990$33,990