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$94,211$94,211$440,100
Remaining term (yrs)13.813.830.0
Secondary amount$0$345,889$0
Funding fee$0$0$0
Note rate4.750%4.750%7.400%
Blended rate5.600%7.290%7.640%
1st payment$772.07$772.07$3,047.16
2nd payment$0.00$2,233.87$0.00
Taxes / mo$293.00$293.00$293.00
Insurance / mo$166.67$166.67$166.67
MI / mo$104.84$104.84$88.02
HOA / mo$0.00$0.00$0.00
Total monthly$1,336.57$3,570.44$3,594.85
Cash to close$394,789$48,900$48,900