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$197,936$197,936$224,910
Remaining term (yrs)24.724.730.0
Secondary amount$0$26,974$0
Funding fee$0$0$0
Note rate2.950%2.950%7.400%
Blended rate3.800%4.424%7.640%
1st payment$937.73$937.73$1,557.23
2nd payment$0.00$202.31$0.00
Taxes / mo$312.83$312.83$312.83
Insurance / mo$150.00$150.00$150.00
MI / mo$158.56$158.56$44.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,559.13$1,761.43$2,065.05
Cash to close$51,964$24,990$24,990