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$120,178$120,178$427,500
Remaining term (yrs)13.913.930.0
Secondary amount$0$307,322$0
Funding fee$0$0$0
Note rate4.430%4.430%7.400%
Blended rate5.280%7.056%7.640%
1st payment$957.13$957.13$2,959.92
2nd payment$0.00$1,984.79$0.00
Taxes / mo$217.42$217.42$217.42
Insurance / mo$166.67$166.67$166.67
MI / mo$134.91$134.91$85.50
HOA / mo$46.00$46.00$46.00
Total monthly$1,522.12$3,506.91$3,475.51
Cash to close$354,822$47,500$47,500