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$262,218$262,218$476,996
Remaining term (yrs)22.522.530.0
Secondary amount$0$214,777$0
Funding fee$0$0$0
Note rate4.080%4.080%7.320%
Blended rate4.930%6.200%7.560%
1st payment$1,479.08$1,479.08$3,276.63
2nd payment$0.00$1,387.10$0.00
Taxes / mo$229.50$229.50$229.50
Insurance / mo$166.67$166.67$166.67
MI / mo$217.34$217.34$95.40
HOA / mo$36.67$36.67$36.67
Total monthly$2,129.26$3,516.37$3,804.86
Cash to close$267,777$53,000$53,000