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$200,044$200,044$405,000
Remaining term (yrs)18.718.730.0
Secondary amount$0$204,956$0
Funding fee$0$0$0
Note rate4.040%4.040%7.320%
Blended rate4.890%6.337%7.560%
1st payment$1,265.61$1,265.61$2,782.07
2nd payment$0.00$1,323.67$0.00
Taxes / mo$375.00$375.00$375.00
Insurance / mo$150.00$150.00$150.00
MI / mo$186.87$186.87$81.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,977.48$3,301.15$3,388.07
Cash to close$249,956$45,000$45,000