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$215,009$215,009$404,100
Remaining term (yrs)18.418.430.0
Secondary amount$0$189,091$0
Funding fee$0$0$0
Note rate5.000%5.000%7.400%
Blended rate5.850%6.856%7.640%
1st payment$1,486.42$1,486.42$2,797.91
2nd payment$0.00$1,260.61$0.00
Taxes / mo$262.08$262.08$262.08
Insurance / mo$150.00$150.00$150.00
MI / mo$196.13$196.13$80.82
HOA / mo$263.33$263.33$263.33
Total monthly$2,357.96$3,618.57$3,554.14
Cash to close$233,991$44,900$44,900