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$330,227$330,227$418,500
Remaining term (yrs)24.424.430.0
Secondary amount$0$88,273$0
Funding fee$0$0$0
Note rate2.680%2.680%7.400%
Blended rate3.530%4.684%7.640%
1st payment$1,533.25$1,533.25$2,897.61
2nd payment$0.00$662.05$0.00
Taxes / mo$263.75$263.75$263.75
Insurance / mo$166.67$166.67$166.67
MI / mo$268.46$268.46$83.70
HOA / mo$0.00$0.00$0.00
Total monthly$2,232.13$2,894.18$3,411.73
Cash to close$134,773$46,500$46,500