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$236,239$236,239$427,500
Remaining term (yrs)22.322.330.0
Secondary amount$0$191,261$0
Funding fee$0$0$0
Note rate4.620%4.620%7.400%
Blended rate5.470%6.602%7.640%
1st payment$1,411.65$1,411.65$2,959.92
2nd payment$0.00$1,275.07$0.00
Taxes / mo$751.75$751.75$751.75
Insurance / mo$166.67$166.67$166.67
MI / mo$194.60$194.60$85.50
HOA / mo$17.50$17.50$17.50
Total monthly$2,542.16$3,817.23$3,981.34
Cash to close$238,761$47,500$47,500