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$80,801$80,801$431,100
Remaining term (yrs)12.612.630.0
Secondary amount$0$350,299$0
Funding fee$0$0$0
Note rate4.770%4.770%7.400%
Blended rate5.620%7.351%7.640%
1st payment$705.90$705.90$2,984.85
2nd payment$0.00$2,262.35$0.00
Taxes / mo$545.33$545.33$545.33
Insurance / mo$166.67$166.67$166.67
MI / mo$95.63$95.63$86.22
HOA / mo$20.83$20.83$20.83
Total monthly$1,534.36$3,796.71$3,803.90
Cash to close$398,199$47,900$47,900