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$167,000$167,000$247,500
Remaining term (yrs)22.722.730.0
Secondary amount$0$80,500$0
Funding fee$0$0$0
Note rate4.070%4.070%7.400%
Blended rate4.920%6.247%7.640%
1st payment$936.90$936.90$1,713.64
2nd payment$0.00$603.75$0.00
Taxes / mo$192.42$192.42$192.42
Insurance / mo$150.00$150.00$150.00
MI / mo$137.84$137.84$49.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,417.16$2,020.91$2,105.56
Cash to close$108,000$27,500$27,500