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$116,809$116,809$242,910
Remaining term (yrs)22.422.430.0
Secondary amount$0$126,101$0
Funding fee$0$0$0
Note rate4.000%4.000%7.320%
Blended rate4.850%6.485%7.560%
1st payment$655.30$655.30$1,668.62
2nd payment$0.00$840.68$0.00
Taxes / mo$67.00$67.00$67.00
Insurance / mo$150.00$150.00$150.00
MI / mo$97.23$97.23$48.58
HOA / mo$0.00$0.00$0.00
Total monthly$969.53$1,810.20$1,934.21
Cash to close$153,091$26,990$26,990