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$192,026$192,026$247,500
Remaining term (yrs)24.324.330.0
Secondary amount$0$55,474$0
Funding fee$0$0$0
Note rate2.680%2.680%7.320%
Blended rate3.530%4.756%7.560%
1st payment$893.73$893.73$1,700.15
2nd payment$0.00$416.06$0.00
Taxes / mo$212.59$212.59$212.59
Insurance / mo$150.00$150.00$150.00
MI / mo$156.49$156.49$49.50
HOA / mo$243.00$243.00$243.00
Total monthly$1,655.81$2,071.87$2,355.24
Cash to close$82,974$27,500$27,500