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$241,663$241,663$409,500
Remaining term (yrs)22.822.830.0
Secondary amount$0$167,837$0
Funding fee$0$0$0
Note rate4.070%4.070%7.400%
Blended rate4.920%6.182%7.640%
1st payment$1,352.78$1,352.78$2,835.30
2nd payment$0.00$1,118.92$0.00
Taxes / mo$296.33$296.33$296.33
Insurance / mo$166.67$166.67$166.67
MI / mo$199.02$199.02$81.90
HOA / mo$76.00$76.00$76.00
Total monthly$2,090.81$3,209.72$3,456.20
Cash to close$213,337$45,500$45,500