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$205,439$205,439$373,500
Remaining term (yrs)22.022.030.0
Secondary amount$0$168,061$0
Funding fee$0$0$0
Note rate4.600%4.600%7.320%
Blended rate5.450%6.597%7.560%
1st payment$1,233.23$1,233.23$2,565.69
2nd payment$0.00$1,120.41$0.00
Taxes / mo$283.42$283.42$283.42
Insurance / mo$150.00$150.00$150.00
MI / mo$170.40$170.40$74.70
HOA / mo$29.17$29.17$29.17
Total monthly$1,866.21$2,986.62$3,102.97
Cash to close$209,561$41,500$41,500