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$208,988$208,988$288,000
Remaining term (yrs)22.322.330.0
Secondary amount$0$79,012$0
Funding fee$0$0$0
Note rate4.460%4.460%7.320%
Blended rate5.310%6.322%7.560%
1st payment$1,227.61$1,227.61$1,978.36
2nd payment$0.00$592.59$0.00
Taxes / mo$445.08$445.08$445.08
Insurance / mo$150.00$150.00$150.00
MI / mo$172.42$172.42$57.60
HOA / mo$250.00$250.00$250.00
Total monthly$2,245.12$2,837.71$2,881.04
Cash to close$111,012$32,000$32,000