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$150,621$150,621$225,000
Remaining term (yrs)22.722.730.0
Secondary amount$0$74,379$0
Funding fee$0$0$0
Note rate4.070%4.070%7.320%
Blended rate4.920%6.269%7.560%
1st payment$845.01$845.01$1,545.59
2nd payment$0.00$557.84$0.00
Taxes / mo$290.16$290.16$290.16
Insurance / mo$150.00$150.00$150.00
MI / mo$124.32$124.32$45.00
HOA / mo$32.67$32.67$32.67
Total monthly$1,442.15$2,000.00$2,063.42
Cash to close$99,379$25,000$25,000