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$50,729$50,729$220,500
Remaining term (yrs)19.319.330.0
Secondary amount$0$169,771$0
Funding fee$0$0$0
Note rate3.960%3.960%7.400%
Blended rate4.810%7.266%7.640%
1st payment$312.39$312.39$1,526.70
2nd payment$0.00$1,131.81$0.00
Taxes / mo$66.33$66.33$66.33
Insurance / mo$150.00$150.00$150.00
MI / mo$46.57$46.57$44.10
HOA / mo$0.00$0.00$0.00
Total monthly$575.29$1,707.10$1,787.13
Cash to close$194,271$24,500$24,500