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$131,754$131,754$503,999
Remaining term (yrs)14.814.830.0
Secondary amount$0$372,245$0
Funding fee$0$0$0
Note rate4.490%4.490%7.400%
Blended rate5.340%7.120%7.640%
1st payment$1,011.19$1,011.19$3,489.59
2nd payment$0.00$2,404.08$0.00
Taxes / mo$466.67$466.67$466.67
Insurance / mo$166.67$166.67$166.67
MI / mo$141.53$141.53$100.80
HOA / mo$425.00$425.00$425.00
Total monthly$2,211.05$4,615.13$4,648.72
Cash to close$428,245$56,000$56,000