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$103,942$103,942$445,500
Remaining term (yrs)21.921.930.0
Secondary amount$0$341,558$0
Funding fee$0$0$0
Note rate4.600%4.600%7.320%
Blended rate5.450%7.213%7.560%
1st payment$626.68$626.68$3,060.28
2nd payment$0.00$2,205.90$0.00
Taxes / mo$247.25$247.25$247.25
Insurance / mo$166.67$166.67$166.67
MI / mo$86.59$86.59$89.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,127.18$3,333.08$3,563.29
Cash to close$391,058$49,500$49,500