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$136,008$136,008$359,988
Remaining term (yrs)25.025.030.0
Secondary amount$0$223,981$0
Funding fee$0$0$0
Note rate2.840%2.840%7.320%
Blended rate3.690%6.216%7.560%
1st payment$630.82$630.82$2,472.87
2nd payment$0.00$1,446.54$0.00
Taxes / mo$296.33$296.33$296.33
Insurance / mo$150.00$150.00$150.00
MI / mo$108.19$108.19$72.00
HOA / mo$24.92$24.92$24.92
Total monthly$1,210.26$2,656.80$3,016.12
Cash to close$263,979$39,999$39,999