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$51,598$51,598$296,550
Remaining term (yrs)16.916.930.0
Secondary amount$0$244,952$0
Funding fee$0$0$0
Note rate4.510%4.510%7.320%
Blended rate5.360%7.334%7.560%
1st payment$361.44$361.44$2,037.09
2nd payment$0.00$1,581.98$0.00
Taxes / mo$81.67$81.67$81.67
Insurance / mo$150.00$150.00$150.00
MI / mo$50.47$50.47$59.31
HOA / mo$0.00$0.00$0.00
Total monthly$643.57$2,225.56$2,328.07
Cash to close$277,902$32,950$32,950