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$54,988$54,988$296,991
Remaining term (yrs)13.313.330.0
Secondary amount$0$242,003$0
Funding fee$0$0$0
Note rate4.810%4.810%7.400%
Blended rate5.660%7.363%7.640%
1st payment$464.18$464.18$2,056.31
2nd payment$0.00$1,562.94$0.00
Taxes / mo$353.33$353.33$353.33
Insurance / mo$150.00$150.00$150.00
MI / mo$62.59$62.59$59.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,030.10$2,593.04$2,619.04
Cash to close$275,002$32,999$32,999