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$154,214$154,214$247,500
Remaining term (yrs)24.624.630.0
Secondary amount$0$93,286$0
Funding fee$0$0$0
Note rate3.040%3.040%7.320%
Blended rate3.890%5.816%7.560%
1st payment$739.47$739.47$1,700.15
2nd payment$0.00$699.64$0.00
Taxes / mo$163.08$163.08$163.08
Insurance / mo$150.00$150.00$150.00
MI / mo$123.60$123.60$49.50
HOA / mo$110.00$110.00$110.00
Total monthly$1,286.16$1,985.80$2,172.74
Cash to close$120,786$27,500$27,500