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$150,259$150,259$648,000
Remaining term (yrs)14.114.130.0
Secondary amount$0$497,741$0
Funding fee$0$0$0
Note rate4.350%4.350%7.400%
Blended rate5.200%7.159%7.640%
1st payment$1,180.55$1,180.55$4,486.62
2nd payment$0.00$3,214.58$0.00
Taxes / mo$600.00$600.00$600.00
Insurance / mo$216.67$216.67$216.67
MI / mo$167.98$167.98$129.60
HOA / mo$431.00$431.00$431.00
Total monthly$2,596.20$5,810.78$5,863.89
Cash to close$569,741$72,000$72,000