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$100,138$100,138$486,000
Remaining term (yrs)12.612.630.0
Secondary amount$0$385,862$0
Funding fee$0$0$0
Note rate4.870%4.870%7.400%
Blended rate5.720%7.332%7.640%
1st payment$879.88$879.88$3,364.97
2nd payment$0.00$2,492.02$0.00
Taxes / mo$265.42$265.42$265.42
Insurance / mo$166.67$166.67$166.67
MI / mo$117.84$117.84$97.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,429.80$3,921.82$3,894.25
Cash to close$439,862$54,000$54,000