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$143,068$143,068$360,000
Remaining term (yrs)18.818.830.0
Secondary amount$0$216,932$0
Funding fee$0$0$0
Note rate4.040%4.040%7.400%
Blended rate4.890%6.613%7.640%
1st payment$902.48$902.48$2,492.57
2nd payment$0.00$1,401.02$0.00
Taxes / mo$309.75$309.75$309.75
Insurance / mo$150.00$150.00$150.00
MI / mo$133.25$133.25$72.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,495.48$2,896.50$3,024.32
Cash to close$256,932$40,000$40,000