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$55,732$55,732$350,910
Remaining term (yrs)25.825.830.0
Secondary amount$0$295,178$0
Funding fee$0$0$0
Note rate5.810%5.810%7.400%
Blended rate6.660%7.577%7.640%
1st payment$347.12$347.12$2,429.63
2nd payment$0.00$1,906.36$0.00
Taxes / mo$675.17$675.17$675.17
Insurance / mo$150.00$150.00$150.00
MI / mo$41.86$41.86$70.18
HOA / mo$8.33$8.33$8.33
Total monthly$1,222.48$3,128.84$3,333.31
Cash to close$334,168$38,990$38,990