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$174,184$174,184$279,000
Remaining term (yrs)24.124.130.0
Secondary amount$0$104,816$0
Funding fee$0$0$0
Note rate2.700%2.700%7.400%
Blended rate3.550%5.222%7.640%
1st payment$816.41$816.41$1,931.74
2nd payment$0.00$698.77$0.00
Taxes / mo$303.08$303.08$303.08
Insurance / mo$150.00$150.00$150.00
MI / mo$142.58$142.58$55.80
HOA / mo$275.00$275.00$275.00
Total monthly$1,687.07$2,385.84$2,715.62
Cash to close$135,816$31,000$31,000