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$217,961$217,961$463,500
Remaining term (yrs)21.921.930.0
Secondary amount$0$245,539$0
Funding fee$0$0$0
Note rate4.500%4.500%7.400%
Blended rate5.350%6.621%7.640%
1st payment$1,299.19$1,299.19$3,209.18
2nd payment$0.00$1,585.77$0.00
Taxes / mo$270.33$270.33$270.33
Insurance / mo$166.67$166.67$166.67
MI / mo$181.62$181.62$92.70
HOA / mo$42.00$42.00$42.00
Total monthly$1,959.82$3,545.59$3,780.88
Cash to close$297,039$51,500$51,500