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$115,353$115,353$229,410
Remaining term (yrs)24.924.930.0
Secondary amount$0$114,057$0
Funding fee$0$0$0
Note rate2.780%2.780%7.400%
Blended rate3.630%5.803%7.640%
1st payment$533.91$533.91$1,588.39
2nd payment$0.00$760.38$0.00
Taxes / mo$195.83$195.83$195.83
Insurance / mo$150.00$150.00$150.00
MI / mo$92.28$92.28$45.88
HOA / mo$0.00$0.00$0.00
Total monthly$972.02$1,732.40$1,980.10
Cash to close$139,547$25,490$25,490