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$54,147$54,147$215,910
Remaining term (yrs)17.517.530.0
Secondary amount$0$161,763$0
Funding fee$0$0$0
Note rate4.340%4.340%7.400%
Blended rate5.190%7.295%7.640%
1st payment$366.16$366.16$1,494.92
2nd payment$0.00$1,078.42$0.00
Taxes / mo$63.67$63.67$63.67
Insurance / mo$150.00$150.00$150.00
MI / mo$52.16$52.16$43.18
HOA / mo$0.00$0.00$0.00
Total monthly$631.99$1,710.41$1,751.77
Cash to close$185,753$23,990$23,990