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$203,068$203,068$243,000
Remaining term (yrs)24.824.830.0
Secondary amount$0$39,932$0
Funding fee$0$0$0
Note rate3.020%3.020%7.400%
Blended rate3.870%4.713%7.640%
1st payment$967.25$967.25$1,682.48
2nd payment$0.00$299.49$0.00
Taxes / mo$176.83$176.83$176.83
Insurance / mo$150.00$150.00$150.00
MI / mo$162.09$162.09$48.60
HOA / mo$845.00$845.00$845.00
Total monthly$2,301.17$2,600.66$2,902.92
Cash to close$66,932$27,000$27,000