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$163,758$163,758$292,500
Remaining term (yrs)24.524.530.0
Secondary amount$0$128,742$0
Funding fee$0$0$0
Note rate3.080%3.080%7.400%
Blended rate3.930%5.721%7.640%
1st payment$790.43$790.43$2,025.21
2nd payment$0.00$858.28$0.00
Taxes / mo$377.58$377.58$377.58
Insurance / mo$150.00$150.00$150.00
MI / mo$131.45$131.45$58.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,449.46$2,307.74$2,611.29
Cash to close$161,242$32,500$32,500