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$282,372$282,372$427,500
Remaining term (yrs)22.422.430.0
Secondary amount$0$145,128$0
Funding fee$0$0$0
Note rate4.400%4.400%7.400%
Blended rate5.250%6.184%7.640%
1st payment$1,645.76$1,645.76$2,959.92
2nd payment$0.00$967.52$0.00
Taxes / mo$342.42$342.42$342.42
Insurance / mo$166.67$166.67$166.67
MI / mo$232.80$232.80$85.50
HOA / mo$18.00$18.00$18.00
Total monthly$2,405.64$3,373.16$3,572.51
Cash to close$192,628$47,500$47,500