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$186,589$186,589$414,060
Remaining term (yrs)16.716.730.0
Secondary amount$0$227,471$0
Funding fee$0$0$0
Note rate4.510%4.510%7.400%
Blended rate5.360%6.673%7.640%
1st payment$1,319.94$1,319.94$2,866.87
2nd payment$0.00$1,469.08$0.00
Taxes / mo$344.25$344.25$344.25
Insurance / mo$166.67$166.67$166.67
MI / mo$184.31$184.31$82.81
HOA / mo$0.00$0.00$0.00
Total monthly$2,015.17$3,484.25$3,460.60
Cash to close$273,478$46,007$46,007