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$108,396$108,396$449,955
Remaining term (yrs)14.814.830.0
Secondary amount$0$341,559$0
Funding fee$0$0$0
Note rate3.750%3.750%7.400%
Blended rate4.600%6.991%7.640%
1st payment$791.56$791.56$3,115.40
2nd payment$0.00$2,205.90$0.00
Taxes / mo$180.67$180.67$180.67
Insurance / mo$166.67$166.67$166.67
MI / mo$121.07$121.07$89.99
HOA / mo$0.00$0.00$0.00
Total monthly$1,259.96$3,465.87$3,552.72
Cash to close$391,554$49,995$49,995