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$150,164$150,164$324,000
Remaining term (yrs)20.720.730.0
Secondary amount$0$173,836$0
Funding fee$0$0$0
Note rate4.010%4.010%7.400%
Blended rate4.860%6.545%7.640%
1st payment$887.04$887.04$2,243.31
2nd payment$0.00$1,158.90$0.00
Taxes / mo$300.00$300.00$300.00
Insurance / mo$150.00$150.00$150.00
MI / mo$131.45$131.45$64.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,468.49$2,627.39$2,758.11
Cash to close$209,836$36,000$36,000