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$104,914$104,914$162,000
Remaining term (yrs)24.424.430.0
Secondary amount$0$57,086$0
Funding fee$0$0$0
Note rate2.730%2.730%7.320%
Blended rate3.580%5.490%7.560%
1st payment$488.62$488.62$1,112.83
2nd payment$0.00$428.15$0.00
Taxes / mo$205.33$205.33$205.33
Insurance / mo$150.00$150.00$150.00
MI / mo$85.00$85.00$32.40
HOA / mo$0.00$0.00$0.00
Total monthly$928.95$1,357.10$1,500.56
Cash to close$75,086$18,000$18,000