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$88,752$88,752$148,500
Remaining term (yrs)24.624.630.0
Secondary amount$0$59,748$0
Funding fee$0$0$0
Note rate2.970%2.970%7.320%
Blended rate3.820%5.904%7.560%
1st payment$422.35$422.35$1,020.09
2nd payment$0.00$448.11$0.00
Taxes / mo$30.42$30.42$30.42
Insurance / mo$150.00$150.00$150.00
MI / mo$71.23$71.23$29.70
HOA / mo$0.00$0.00$0.00
Total monthly$674.00$1,122.11$1,230.21
Cash to close$76,248$16,500$16,500