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$84,774$84,774$423,000
Remaining term (yrs)15.715.730.0
Secondary amount$0$338,226$0
Funding fee$0$0$0
Note rate3.790%3.790%7.320%
Blended rate4.640%7.127%7.560%
1st payment$594.04$594.04$2,905.72
2nd payment$0.00$2,184.38$0.00
Taxes / mo$437.75$437.75$437.75
Insurance / mo$166.67$166.67$166.67
MI / mo$90.42$90.42$84.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,288.88$3,473.25$3,594.73
Cash to close$385,226$47,000$47,000