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$109,228$109,228$234,000
Remaining term (yrs)20.320.330.0
Secondary amount$0$124,772$0
Funding fee$0$0$0
Note rate4.300%4.300%7.320%
Blended rate5.150%6.670%7.560%
1st payment$670.55$670.55$1,607.42
2nd payment$0.00$831.81$0.00
Taxes / mo$199.33$199.33$199.33
Insurance / mo$150.00$150.00$150.00
MI / mo$95.98$95.98$46.80
HOA / mo$215.00$215.00$215.00
Total monthly$1,330.86$2,162.68$2,218.55
Cash to close$150,772$26,000$26,000