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$141,572$141,572$297,000
Remaining term (yrs)20.520.530.0
Secondary amount$0$155,428$0
Funding fee$0$0$0
Note rate4.210%4.210%7.320%
Blended rate5.060%6.599%7.560%
1st payment$855.70$855.70$2,040.18
2nd payment$0.00$1,036.19$0.00
Taxes / mo$272.92$272.92$272.92
Insurance / mo$150.00$150.00$150.00
MI / mo$123.80$123.80$59.40
HOA / mo$58.67$58.67$58.67
Total monthly$1,461.09$2,497.27$2,581.17
Cash to close$188,428$33,000$33,000