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$53,822$53,822$202,500
Remaining term (yrs)22.622.630.0
Secondary amount$0$148,678$0
Funding fee$0$0$0
Note rate4.080%4.080%7.400%
Blended rate4.930%7.184%7.640%
1st payment$302.91$302.91$1,402.07
2nd payment$0.00$991.19$0.00
Taxes / mo$191.83$191.83$191.83
Insurance / mo$150.00$150.00$150.00
MI / mo$44.51$44.51$40.50
HOA / mo$0.00$0.00$0.00
Total monthly$689.26$1,680.45$1,784.40
Cash to close$171,178$22,500$22,500