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$152,548$152,548$247,499
Remaining term (yrs)23.623.630.0
Secondary amount$0$94,951$0
Funding fee$0$0$0
Note rate3.230%3.230%7.400%
Blended rate4.080%5.968%7.640%
1st payment$767.24$767.24$1,713.63
2nd payment$0.00$712.13$0.00
Taxes / mo$639.17$639.17$639.17
Insurance / mo$150.00$150.00$150.00
MI / mo$125.19$125.19$49.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,681.60$2,393.73$2,552.30
Cash to close$122,451$27,500$27,500