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$146,613$146,613$243,000
Remaining term (yrs)21.821.830.0
Secondary amount$0$96,387$0
Funding fee$0$0$0
Note rate4.550%4.550%7.320%
Blended rate5.400%6.828%7.560%
1st payment$881.84$881.84$1,669.24
2nd payment$0.00$722.90$0.00
Taxes / mo$207.25$207.25$207.25
Insurance / mo$150.00$150.00$150.00
MI / mo$122.56$122.56$48.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,361.65$2,084.55$2,075.09
Cash to close$123,387$27,000$27,000