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$156,336$156,336$292,500
Remaining term (yrs)24.224.230.0
Secondary amount$0$136,164$0
Funding fee$0$0$0
Note rate2.840%2.840%7.320%
Blended rate3.690%5.696%7.560%
1st payment$742.14$742.14$2,009.27
2nd payment$0.00$907.76$0.00
Taxes / mo$291.08$291.08$291.08
Insurance / mo$150.00$150.00$150.00
MI / mo$127.28$127.28$58.50
HOA / mo$27.42$27.42$27.42
Total monthly$1,337.92$2,245.68$2,536.28
Cash to close$168,664$32,500$32,500