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$78,607$78,607$292,500
Remaining term (yrs)15.815.830.0
Secondary amount$0$213,893$0
Funding fee$0$0$0
Note rate3.560%3.560%7.400%
Blended rate4.410%6.852%7.640%
1st payment$539.70$539.70$2,025.21
2nd payment$0.00$1,381.39$0.00
Taxes / mo$85.67$85.67$85.67
Insurance / mo$150.00$150.00$150.00
MI / mo$84.50$84.50$58.50
HOA / mo$0.00$0.00$0.00
Total monthly$859.87$2,241.26$2,319.38
Cash to close$246,393$32,500$32,500