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$196,937$196,937$269,999
Remaining term (yrs)24.724.730.0
Secondary amount$0$73,062$0
Funding fee$0$0$0
Note rate2.740%2.740%7.320%
Blended rate3.590%5.054%7.560%
1st payment$911.73$911.73$1,854.71
2nd payment$0.00$547.96$0.00
Taxes / mo$139.08$139.08$139.08
Insurance / mo$150.00$150.00$150.00
MI / mo$158.40$158.40$54.00
HOA / mo$195.00$195.00$195.00
Total monthly$1,554.21$2,102.17$2,392.79
Cash to close$103,062$30,000$30,000