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$206,542$206,542$391,500
Remaining term (yrs)22.422.430.0
Secondary amount$0$184,958$0
Funding fee$0$0$0
Note rate4.370%4.370%7.320%
Blended rate5.220%6.533%7.560%
1st payment$1,200.38$1,200.38$2,689.33
2nd payment$0.00$1,233.05$0.00
Taxes / mo$98.33$98.33$98.33
Insurance / mo$150.00$150.00$150.00
MI / mo$170.40$170.40$78.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,619.11$2,852.17$3,015.97
Cash to close$228,458$43,500$43,500