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$186,824$186,824$206,999
Remaining term (yrs)24.424.430.0
Secondary amount$0$31,675$0
Funding fee$0$0$0
Note rate2.970%2.970%7.320%
Blended rate3.820%4.988%7.560%
1st payment$893.13$893.13$1,421.94
2nd payment$0.00$313.45$0.00
Taxes / mo$86.08$86.08$86.08
Insurance / mo$150.00$150.00$150.00
MI / mo$150.63$150.63$41.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,279.85$1,593.30$1,699.42
Cash to close$43,175$11,500$23,000