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$171,573$171,573$204,750
Remaining term (yrs)25.125.130.0
Secondary amount$0$33,177$0
Funding fee$0$0$0
Note rate3.070%3.070%7.320%
Blended rate3.920%4.743%7.560%
1st payment$814.48$814.48$1,406.49
2nd payment$0.00$248.82$0.00
Taxes / mo$181.33$181.33$181.33
Insurance / mo$150.00$150.00$150.00
MI / mo$135.62$135.62$40.95
HOA / mo$0.00$0.00$0.00
Total monthly$1,281.44$1,530.26$1,778.77
Cash to close$55,927$22,750$22,750