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$154,195$154,195$247,500
Remaining term (yrs)24.124.130.0
Secondary amount$0$93,305$0
Funding fee$0$0$0
Note rate2.810%2.810%7.320%
Blended rate3.660%5.673%7.560%
1st payment$731.36$731.36$1,700.15
2nd payment$0.00$699.79$0.00
Taxes / mo$392.33$392.33$392.33
Insurance / mo$150.00$150.00$150.00
MI / mo$125.91$125.91$49.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,399.61$2,099.40$2,291.99
Cash to close$120,805$27,500$27,500