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$64,727$64,727$408,600
Remaining term (yrs)15.215.230.0
Secondary amount$0$343,873$0
Funding fee$0$0$0
Note rate4.370%4.370%7.400%
Blended rate5.220%7.349%7.640%
1st payment$483.32$483.32$2,829.06
2nd payment$0.00$2,220.85$0.00
Taxes / mo$245.92$245.92$245.92
Insurance / mo$166.67$166.67$166.67
MI / mo$68.61$68.61$81.72
HOA / mo$0.00$0.00$0.00
Total monthly$964.51$3,185.35$3,323.37
Cash to close$389,273$45,400$45,400