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$112,317$112,317$553,500
Remaining term (yrs)16.316.330.0
Secondary amount$0$441,183$0
Funding fee$0$0$0
Note rate3.500%3.500%7.320%
Blended rate4.350%7.060%7.560%
1st payment$750.34$750.34$3,802.16
2nd payment$0.00$2,849.31$0.00
Taxes / mo$214.00$214.00$214.00
Insurance / mo$166.67$166.67$166.67
MI / mo$118.36$118.36$110.70
HOA / mo$75.00$75.00$75.00
Total monthly$1,324.37$4,173.68$4,368.53
Cash to close$502,683$61,500$61,500