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$103,063$103,063$449,910
Remaining term (yrs)18.518.530.0
Secondary amount$0$346,847$0
Funding fee$0$0$0
Note rate3.780%3.780%7.400%
Blended rate4.630%7.035%7.640%
1st payment$642.06$642.06$3,115.09
2nd payment$0.00$2,240.05$0.00
Taxes / mo$222.00$222.00$222.00
Insurance / mo$166.67$166.67$166.67
MI / mo$97.84$97.84$89.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,128.56$3,368.62$3,593.73
Cash to close$396,837$49,990$49,990