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$147,756$147,756$220,410
Remaining term (yrs)24.924.930.0
Secondary amount$0$72,654$0
Funding fee$0$0$0
Note rate2.780%2.780%7.400%
Blended rate3.630%5.400%7.640%
1st payment$683.89$683.89$1,526.07
2nd payment$0.00$544.90$0.00
Taxes / mo$257.67$257.67$257.67
Insurance / mo$150.00$150.00$150.00
MI / mo$118.20$118.20$44.08
HOA / mo$0.00$0.00$0.00
Total monthly$1,209.75$1,754.66$1,977.82
Cash to close$97,144$24,490$24,490