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$70,132$70,132$494,883
Remaining term (yrs)9.69.630.0
Secondary amount$0$424,751$0
Funding fee$0$0$0
Note rate2.350%2.350%7.400%
Blended rate3.200%7.105%7.640%
1st payment$671.30$671.30$3,426.47
2nd payment$0.00$2,743.18$0.00
Taxes / mo$458.22$458.22$458.22
Insurance / mo$166.67$166.67$166.67
MI / mo$72.07$72.07$98.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,368.26$4,111.44$4,150.34
Cash to close$479,738$54,987$54,987