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$101,049$101,049$148,410
Remaining term (yrs)22.422.430.0
Secondary amount$0$47,361$0
Funding fee$0$0$0
Note rate4.450%4.450%7.320%
Blended rate5.300%6.481%7.560%
1st payment$593.01$593.01$1,019.47
2nd payment$0.00$355.21$0.00
Taxes / mo$203.33$203.33$203.33
Insurance / mo$150.00$150.00$150.00
MI / mo$83.39$83.39$29.68
HOA / mo$0.00$0.00$0.00
Total monthly$1,029.74$1,384.94$1,402.49
Cash to close$63,851$16,490$16,490