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$230,038$230,038$341,100
Remaining term (yrs)21.921.930.0
Secondary amount$0$111,062$0
Funding fee$0$0$0
Note rate4.590%4.590%7.400%
Blended rate5.440%6.274%7.640%
1st payment$1,382.62$1,382.62$2,361.71
2nd payment$0.00$740.41$0.00
Taxes / mo$172.00$172.00$172.00
Insurance / mo$150.00$150.00$150.00
MI / mo$191.26$191.26$68.22
HOA / mo$0.00$0.00$0.00
Total monthly$1,895.89$2,636.30$2,751.93
Cash to close$148,962$37,900$37,900