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$127,844$127,844$215,100
Remaining term (yrs)24.424.430.0
Secondary amount$0$87,256$0
Funding fee$0$0$0
Note rate2.660%2.660%7.400%
Blended rate3.510%5.737%7.640%
1st payment$592.29$592.29$1,489.31
2nd payment$0.00$654.42$0.00
Taxes / mo$232.75$232.75$232.75
Insurance / mo$150.00$150.00$150.00
MI / mo$103.98$103.98$43.02
HOA / mo$0.00$0.00$0.00
Total monthly$1,079.01$1,733.43$1,915.08
Cash to close$111,156$23,900$23,900