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$76,689$76,689$247,500
Remaining term (yrs)18.018.030.0
Secondary amount$0$170,811$0
Funding fee$0$0$0
Note rate4.190%4.190%7.320%
Blended rate5.040%7.083%7.560%
1st payment$503.08$503.08$1,700.15
2nd payment$0.00$1,138.74$0.00
Taxes / mo$148.75$148.75$148.75
Insurance / mo$150.00$150.00$150.00
MI / mo$72.96$72.96$49.50
HOA / mo$0.00$0.00$0.00
Total monthly$874.79$2,013.53$2,048.40
Cash to close$198,311$27,500$27,500