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$124,520$124,520$526,500
Remaining term (yrs)13.913.930.0
Secondary amount$0$401,980$0
Funding fee$0$0$0
Note rate4.430%4.430%7.400%
Blended rate5.280%7.166%7.640%
1st payment$991.71$991.71$3,645.38
2nd payment$0.00$2,596.12$0.00
Taxes / mo$487.50$487.50$487.50
Insurance / mo$166.67$166.67$166.67
MI / mo$139.78$139.78$105.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,785.66$4,381.78$4,404.85
Cash to close$460,480$58,500$58,500