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$161,845$161,845$251,100
Remaining term (yrs)24.324.330.0
Secondary amount$0$89,255$0
Funding fee$0$0$0
Note rate2.840%2.840%7.320%
Blended rate3.690%5.577%7.560%
1st payment$766.47$766.47$1,724.88
2nd payment$0.00$669.42$0.00
Taxes / mo$368.25$368.25$368.25
Insurance / mo$150.00$150.00$150.00
MI / mo$131.45$131.45$50.22
HOA / mo$83.00$83.00$83.00
Total monthly$1,499.17$2,168.59$2,376.35
Cash to close$117,155$27,900$27,900