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$151,802$151,802$256,410
Remaining term (yrs)22.622.630.0
Secondary amount$0$104,608$0
Funding fee$0$0$0
Note rate4.200%4.200%7.320%
Blended rate5.050%6.254%7.560%
1st payment$864.28$864.28$1,761.36
2nd payment$0.00$697.38$0.00
Taxes / mo$361.92$361.92$361.92
Insurance / mo$150.00$150.00$150.00
MI / mo$125.19$125.19$51.28
HOA / mo$0.00$0.00$0.00
Total monthly$1,501.39$2,198.78$2,324.56
Cash to close$133,098$28,490$28,490