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$197,262$197,262$323,910
Remaining term (yrs)24.424.430.0
Secondary amount$0$126,648$0
Funding fee$0$0$0
Note rate2.790%2.790%7.400%
Blended rate3.640%5.345%7.640%
1st payment$926.95$926.95$2,242.69
2nd payment$0.00$844.32$0.00
Taxes / mo$325.08$325.08$325.08
Insurance / mo$150.00$150.00$150.00
MI / mo$160.00$160.00$64.78
HOA / mo$61.00$61.00$61.00
Total monthly$1,623.03$2,467.36$2,843.55
Cash to close$162,638$35,990$35,990