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$104,071$104,071$247,500
Remaining term (yrs)18.018.030.0
Secondary amount$0$143,429$0
Funding fee$0$0$0
Note rate4.290%4.290%7.320%
Blended rate5.140%6.797%7.560%
1st payment$688.15$688.15$1,700.15
2nd payment$0.00$956.19$0.00
Taxes / mo$230.33$230.33$230.33
Insurance / mo$150.00$150.00$150.00
MI / mo$98.62$98.62$49.50
HOA / mo$113.00$113.00$113.00
Total monthly$1,280.10$2,236.29$2,242.99
Cash to close$170,929$27,500$27,500