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$141,368$141,368$251,910
Remaining term (yrs)21.921.930.0
Secondary amount$0$110,542$0
Funding fee$0$0$0
Note rate4.540%4.540%7.400%
Blended rate5.390%6.535%7.640%
1st payment$845.77$845.77$1,744.17
2nd payment$0.00$736.94$0.00
Taxes / mo$233.25$233.25$233.25
Insurance / mo$150.00$150.00$150.00
MI / mo$117.68$117.68$50.38
HOA / mo$182.00$182.00$182.00
Total monthly$1,528.70$2,265.65$2,359.81
Cash to close$138,532$27,990$27,990