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$29,120$29,120$189,000
Remaining term (yrs)22.622.630.0
Secondary amount$0$159,880$0
Funding fee$0$0$0
Note rate4.270%4.270%7.400%
Blended rate5.120%7.556%7.640%
1st payment$166.91$166.91$1,308.60
2nd payment$0.00$1,065.86$0.00
Taxes / mo$418.17$418.17$418.17
Insurance / mo$150.00$150.00$150.00
MI / mo$23.98$23.98$37.80
HOA / mo$324.00$324.00$324.00
Total monthly$1,083.06$2,148.92$2,238.56
Cash to close$180,880$21,000$21,000