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$153,345$153,345$242,955
Remaining term (yrs)24.424.430.0
Secondary amount$0$89,610$0
Funding fee$0$0$0
Note rate2.790%2.790%7.320%
Blended rate3.640%5.617%7.560%
1st payment$720.58$720.58$1,668.93
2nd payment$0.00$672.07$0.00
Taxes / mo$502.06$502.06$502.06
Insurance / mo$150.00$150.00$150.00
MI / mo$124.38$124.38$48.59
HOA / mo$0.00$0.00$0.00
Total monthly$1,497.02$2,169.10$2,369.58
Cash to close$116,605$26,995$26,995