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$165,285$165,285$211,500
Remaining term (yrs)24.324.330.0
Secondary amount$0$46,215$0
Funding fee$0$0$0
Note rate2.730%2.730%7.320%
Blended rate3.580%4.764%7.560%
1st payment$771.63$771.63$1,452.86
2nd payment$0.00$346.61$0.00
Taxes / mo$191.92$191.92$191.92
Insurance / mo$150.00$150.00$150.00
MI / mo$134.23$134.23$42.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,247.78$1,594.39$1,837.07
Cash to close$69,715$23,500$23,500