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$157,314$157,314$575,910
Remaining term (yrs)19.419.430.0
Secondary amount$0$418,596$0
Funding fee$0$0$0
Note rate3.970%3.970%7.400%
Blended rate4.820%6.950%7.640%
1st payment$966.81$966.81$3,987.48
2nd payment$0.00$2,703.43$0.00
Taxes / mo$533.25$533.25$533.25
Insurance / mo$166.67$166.67$166.67
MI / mo$143.97$143.97$115.18
HOA / mo$0.00$0.00$0.00
Total monthly$1,810.69$4,514.12$4,802.58
Cash to close$482,586$63,990$63,990