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$171,853$171,853$247,500
Remaining term (yrs)24.524.530.0
Secondary amount$0$75,647$0
Funding fee$0$0$0
Note rate3.170%3.170%7.320%
Blended rate4.020%5.542%7.560%
1st payment$837.59$837.59$1,700.15
2nd payment$0.00$567.36$0.00
Taxes / mo$258.50$258.50$258.50
Insurance / mo$150.00$150.00$150.00
MI / mo$137.71$137.71$49.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,383.79$1,951.15$2,158.15
Cash to close$103,147$27,500$27,500