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$182,291$182,291$265,500
Remaining term (yrs)24.724.730.0
Secondary amount$0$83,209$0
Funding fee$0$0$0
Note rate2.940%2.940%7.320%
Blended rate3.790%5.423%7.560%
1st payment$862.67$862.67$1,823.80
2nd payment$0.00$624.07$0.00
Taxes / mo$60.92$60.92$60.92
Insurance / mo$150.00$150.00$150.00
MI / mo$146.06$146.06$53.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,219.64$1,843.71$2,087.82
Cash to close$112,709$29,500$29,500