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$144,104$144,104$387,000
Remaining term (yrs)16.916.930.0
Secondary amount$0$242,896$0
Funding fee$0$0$0
Note rate4.370%4.370%7.320%
Blended rate5.220%6.808%7.560%
1st payment$998.90$998.90$2,658.42
2nd payment$0.00$1,568.70$0.00
Taxes / mo$342.75$342.75$342.75
Insurance / mo$150.00$150.00$150.00
MI / mo$141.80$141.80$77.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,633.45$3,202.16$3,228.57
Cash to close$285,896$43,000$43,000