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$50,827$50,827$204,300
Remaining term (yrs)18.918.930.0
Secondary amount$0$153,473$0
Funding fee$0$0$0
Note rate3.910%3.910%7.320%
Blended rate4.760%7.194%7.560%
1st payment$315.31$315.31$1,403.40
2nd payment$0.00$1,023.15$0.00
Taxes / mo$98.75$98.75$98.75
Insurance / mo$150.00$150.00$150.00
MI / mo$47.29$47.29$40.86
HOA / mo$0.00$0.00$0.00
Total monthly$611.35$1,634.50$1,693.01
Cash to close$176,173$22,700$22,700