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$171,111$171,111$218,250
Remaining term (yrs)24.924.930.0
Secondary amount$0$47,139$0
Funding fee$0$0$0
Note rate2.880%2.880%7.320%
Blended rate3.730%4.868%7.560%
1st payment$798.97$798.97$1,499.23
2nd payment$0.00$353.54$0.00
Taxes / mo$219.50$219.50$219.50
Insurance / mo$150.00$150.00$150.00
MI / mo$136.32$136.32$43.65
HOA / mo$0.00$0.00$0.00
Total monthly$1,304.79$1,658.33$1,912.38
Cash to close$71,389$24,250$24,250