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$131,596$131,596$461,250
Remaining term (yrs)21.421.430.0
Secondary amount$0$329,654$0
Funding fee$0$0$0
Note rate4.150%4.150%7.320%
Blended rate5.000%6.965%7.560%
1st payment$769.99$769.99$3,168.47
2nd payment$0.00$2,129.02$0.00
Taxes / mo$225.25$225.25$225.25
Insurance / mo$166.67$166.67$166.67
MI / mo$112.20$112.20$92.25
HOA / mo$0.00$0.00$0.00
Total monthly$1,274.10$3,403.12$3,652.63
Cash to close$380,904$51,250$51,250