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$155,796$155,796$288,000
Remaining term (yrs)23.723.730.0
Secondary amount$0$132,204$0
Funding fee$0$0$0
Note rate3.150%3.150%7.400%
Blended rate4.000%5.836%7.640%
1st payment$775.25$775.25$1,994.05
2nd payment$0.00$881.36$0.00
Taxes / mo$236.00$236.00$236.00
Insurance / mo$150.00$150.00$150.00
MI / mo$127.78$127.78$57.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,289.04$2,170.40$2,437.65
Cash to close$164,204$32,000$32,000