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$177,624$177,624$207,000
Remaining term (yrs)25.025.030.0
Secondary amount$0$29,376$0
Funding fee$0$0$0
Note rate2.880%2.880%7.400%
Blended rate3.730%4.478%7.640%
1st payment$827.51$827.51$1,433.23
2nd payment$0.00$220.32$0.00
Taxes / mo$197.33$197.33$197.33
Insurance / mo$150.00$150.00$150.00
MI / mo$141.19$141.19$41.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,316.03$1,536.35$1,821.96
Cash to close$52,376$23,000$23,000