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$160,046$160,046$242,991
Remaining term (yrs)24.424.430.0
Secondary amount$0$82,945$0
Funding fee$0$0$0
Note rate2.700%2.700%7.400%
Blended rate3.550%5.410%7.640%
1st payment$744.73$744.73$1,682.42
2nd payment$0.00$622.08$0.00
Taxes / mo$335.00$335.00$335.00
Insurance / mo$150.00$150.00$150.00
MI / mo$130.06$130.06$48.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,359.78$1,981.87$2,216.02
Cash to close$109,944$26,999$26,999