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$341,939$341,939$355,500
Remaining term (yrs)25.025.030.0
Secondary amount$0$33,311$0
Funding fee$0$0$0
Note rate2.300%2.300%7.400%
Blended rate3.150%3.925%7.640%
1st payment$1,492.43$1,492.43$2,461.41
2nd payment$0.00$329.64$0.00
Taxes / mo$265.33$265.33$265.33
Insurance / mo$150.00$150.00$150.00
MI / mo$274.72$274.72$71.10
HOA / mo$0.00$0.00$0.00
Total monthly$2,182.49$2,512.13$2,947.84
Cash to close$53,061$19,750$39,500