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$39,315$39,315$143,910
Remaining term (yrs)13.013.030.0
Secondary amount$0$104,595$0
Funding fee$0$0$0
Note rate4.870%4.870%7.320%
Blended rate5.720%7.377%7.560%
1st payment$337.56$337.56$988.56
2nd payment$0.00$697.30$0.00
Taxes / mo$111.25$111.25$111.25
Insurance / mo$150.00$150.00$150.00
MI / mo$45.21$45.21$28.78
HOA / mo$0.00$0.00$0.00
Total monthly$644.01$1,341.32$1,278.59
Cash to close$120,585$15,990$15,990