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$166,178$166,178$287,910
Remaining term (yrs)22.322.330.0
Secondary amount$0$121,732$0
Funding fee$0$0$0
Note rate4.400%4.400%7.320%
Blended rate5.250%6.413%7.560%
1st payment$970.64$970.64$1,977.74
2nd payment$0.00$811.55$0.00
Taxes / mo$254.83$254.83$254.83
Insurance / mo$150.00$150.00$150.00
MI / mo$137.30$137.30$57.58
HOA / mo$0.00$0.00$0.00
Total monthly$1,512.77$2,324.32$2,440.16
Cash to close$153,722$31,990$31,990