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$98,482$98,482$440,910
Remaining term (yrs)18.018.030.0
Secondary amount$0$342,428$0
Funding fee$0$0$0
Note rate4.160%4.160%7.400%
Blended rate5.010%7.138%7.640%
1st payment$644.50$644.50$3,052.77
2nd payment$0.00$2,211.51$0.00
Taxes / mo$165.50$165.50$165.50
Insurance / mo$166.67$166.67$166.67
MI / mo$93.80$93.80$88.18
HOA / mo$0.00$0.00$0.00
Total monthly$1,070.47$3,281.98$3,473.12
Cash to close$391,418$48,990$48,990