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$156,252$156,252$287,100
Remaining term (yrs)22.722.730.0
Secondary amount$0$130,848$0
Funding fee$0$0$0
Note rate4.170%4.170%7.400%
Blended rate5.020%6.378%7.640%
1st payment$885.12$885.12$1,987.82
2nd payment$0.00$872.32$0.00
Taxes / mo$214.75$214.75$214.75
Insurance / mo$150.00$150.00$150.00
MI / mo$128.67$128.67$57.42
HOA / mo$0.00$0.00$0.00
Total monthly$1,378.54$2,250.85$2,409.99
Cash to close$162,748$31,900$31,900