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$84,467$84,467$211,500
Remaining term (yrs)16.916.930.0
Secondary amount$0$127,033$0
Funding fee$0$0$0
Note rate4.370%4.370%7.320%
Blended rate5.220%6.890%7.560%
1st payment$587.45$587.45$1,452.86
2nd payment$0.00$846.88$0.00
Taxes / mo$203.58$203.58$203.58
Insurance / mo$150.00$150.00$150.00
MI / mo$83.39$83.39$42.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,024.42$1,871.30$1,848.74
Cash to close$150,533$23,500$23,500