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$221,496$221,496$612,000
Remaining term (yrs)17.217.230.0
Secondary amount$0$390,504$0
Funding fee$0$0$0
Note rate4.250%4.250%7.400%
Blended rate5.100%6.791%7.640%
1st payment$1,506.65$1,506.65$4,237.36
2nd payment$0.00$2,522.00$0.00
Taxes / mo$233.08$233.08$233.08
Insurance / mo$166.67$166.67$166.67
MI / mo$216.94$216.94$122.40
HOA / mo$56.33$56.33$56.33
Total monthly$2,179.67$4,701.67$4,815.84
Cash to close$458,504$68,000$68,000