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$146,376$146,376$173,610
Remaining term (yrs)25.225.230.0
Secondary amount$0$27,234$0
Funding fee$0$0$0
Note rate3.070%3.070%7.400%
Blended rate3.920%4.717%7.640%
1st payment$693.35$693.35$1,202.04
2nd payment$0.00$204.26$0.00
Taxes / mo$263.00$263.00$263.00
Insurance / mo$150.00$150.00$150.00
MI / mo$115.45$115.45$34.72
HOA / mo$0.00$0.00$0.00
Total monthly$1,221.81$1,426.06$1,649.76
Cash to close$46,524$19,290$19,290