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$183,614$183,614$301,500
Remaining term (yrs)23.923.930.0
Secondary amount$0$117,886$0
Funding fee$0$0$0
Note rate2.960%2.960%7.320%
Blended rate3.810%5.448%7.560%
1st payment$889.23$889.23$2,071.10
2nd payment$0.00$785.90$0.00
Taxes / mo$367.33$367.33$367.33
Insurance / mo$150.00$150.00$150.00
MI / mo$150.17$150.17$60.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,556.73$2,342.64$2,648.73
Cash to close$151,386$33,500$33,500