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$82,786$82,786$238,500
Remaining term (yrs)17.917.930.0
Secondary amount$0$155,714$0
Funding fee$0$0$0
Note rate4.100%4.100%7.400%
Blended rate4.950%6.941%7.640%
1st payment$540.87$540.87$1,651.33
2nd payment$0.00$1,038.09$0.00
Taxes / mo$102.08$102.08$102.08
Insurance / mo$150.00$150.00$150.00
MI / mo$79.29$79.29$47.70
HOA / mo$0.00$0.00$0.00
Total monthly$872.24$1,910.33$1,951.11
Cash to close$182,214$26,500$26,500