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$163,693$163,693$688,410
Remaining term (yrs)18.018.030.0
Secondary amount$0$524,717$0
Funding fee$0$0$0
Note rate4.100%4.100%7.400%
Blended rate4.950%7.084%7.640%
1st payment$1,066.15$1,066.15$4,766.41
2nd payment$0.00$3,388.80$0.00
Taxes / mo$344.75$344.75$344.75
Insurance / mo$216.67$216.67$216.67
MI / mo$156.29$156.29$137.68
HOA / mo$25.00$25.00$25.00
Total monthly$1,808.85$5,197.65$5,490.51
Cash to close$601,207$76,490$76,490