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$246,224$246,224$332,100
Remaining term (yrs)25.425.430.0
Secondary amount$0$85,876$0
Funding fee$0$0$0
Note rate4.000%4.000%7.320%
Blended rate4.850%5.923%7.560%
1st payment$1,282.43$1,282.43$2,281.30
2nd payment$0.00$644.07$0.00
Taxes / mo$303.83$303.83$303.83
Insurance / mo$150.00$150.00$150.00
MI / mo$190.27$190.27$66.42
HOA / mo$0.00$0.00$0.00
Total monthly$1,926.54$2,570.61$2,801.55
Cash to close$122,776$36,900$36,900