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$148,497$148,497$216,000
Remaining term (yrs)23.923.930.0
Secondary amount$0$67,503$0
Funding fee$0$0$0
Note rate2.860%2.860%7.400%
Blended rate3.710%5.363%7.640%
1st payment$711.53$711.53$1,495.54
2nd payment$0.00$506.27$0.00
Taxes / mo$419.08$419.08$419.08
Insurance / mo$150.00$150.00$150.00
MI / mo$121.71$121.71$43.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,402.33$1,908.60$2,107.82
Cash to close$91,503$24,000$24,000