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$83,573$83,573$247,499
Remaining term (yrs)14.614.630.0
Secondary amount$0$163,926$0
Funding fee$0$0$0
Note rate4.650%4.650%7.400%
Blended rate5.500%7.156%7.640%
1st payment$653.33$653.33$1,713.63
2nd payment$0.00$1,092.84$0.00
Taxes / mo$167.00$167.00$167.00
Insurance / mo$150.00$150.00$150.00
MI / mo$89.75$89.75$49.50
HOA / mo$216.00$216.00$216.00
Total monthly$1,276.08$2,368.92$2,296.13
Cash to close$191,426$27,500$27,500