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$196,968$196,968$260,910
Remaining term (yrs)22.422.430.0
Secondary amount$0$63,942$0
Funding fee$0$0$0
Note rate4.460%4.460%7.400%
Blended rate5.310%6.214%7.640%
1st payment$1,157.01$1,157.01$1,806.49
2nd payment$0.00$479.56$0.00
Taxes / mo$266.25$266.25$266.25
Insurance / mo$150.00$150.00$150.00
MI / mo$162.51$162.51$52.18
HOA / mo$0.00$0.00$0.00
Total monthly$1,735.76$2,215.33$2,274.92
Cash to close$92,932$28,990$28,990