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$134,952$134,952$193,500
Remaining term (yrs)24.824.830.0
Secondary amount$0$58,548$0
Funding fee$0$0$0
Note rate2.980%2.980%7.320%
Blended rate3.830%5.394%7.560%
1st payment$639.99$639.99$1,329.21
2nd payment$0.00$439.11$0.00
Taxes / mo$111.33$111.33$111.33
Insurance / mo$150.00$150.00$150.00
MI / mo$107.80$107.80$38.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,009.13$1,448.24$1,629.24
Cash to close$80,048$21,500$21,500