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$139,575$139,575$207,000
Remaining term (yrs)23.923.930.0
Secondary amount$0$67,425$0
Funding fee$0$0$0
Note rate2.910%2.910%7.400%
Blended rate3.760%5.467%7.640%
1st payment$673.98$673.98$1,433.23
2nd payment$0.00$505.68$0.00
Taxes / mo$409.17$409.17$409.17
Insurance / mo$150.00$150.00$150.00
MI / mo$114.55$114.55$41.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,347.69$1,853.38$2,033.79
Cash to close$90,425$23,000$23,000