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$84,316$84,316$287,541
Remaining term (yrs)12.312.330.0
Secondary amount$0$203,225$0
Funding fee$0$0$0
Note rate5.010%5.010%7.320%
Blended rate5.860%7.196%7.560%
1st payment$757.51$757.51$1,975.21
2nd payment$0.00$1,312.49$0.00
Taxes / mo$299.33$299.33$299.33
Insurance / mo$150.00$150.00$150.00
MI / mo$99.84$99.84$57.51
HOA / mo$21.33$21.33$21.33
Total monthly$1,328.01$2,640.50$2,503.38
Cash to close$235,174$31,949$31,949