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$196,248$196,248$342,000
Remaining term (yrs)20.320.330.0
Secondary amount$0$145,752$0
Funding fee$0$0$0
Note rate4.190%4.190%7.320%
Blended rate5.040%6.301%7.560%
1st payment$1,190.14$1,190.14$2,349.30
2nd payment$0.00$971.68$0.00
Taxes / mo$319.17$319.17$319.17
Insurance / mo$150.00$150.00$150.00
MI / mo$172.60$172.60$68.40
HOA / mo$64.00$64.00$64.00
Total monthly$1,895.90$2,867.58$2,950.87
Cash to close$183,752$38,000$38,000