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$160,133$160,133$472,500
Remaining term (yrs)37.637.630.0
Secondary amount$0$312,367$0
Funding fee$0$0$0
Note rate6.790%6.790%7.400%
Blended rate7.340%7.611%7.640%
1st payment$982.33$982.33$3,271.49
2nd payment$0.00$2,017.37$0.00
Taxes / mo$437.50$437.50$437.50
Insurance / mo$166.67$166.67$166.67
MI / mo$74.27$74.27$94.50
HOA / mo$164.00$164.00$164.00
Total monthly$1,824.76$3,842.13$4,134.16
Cash to close$364,867$52,500$52,500