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$288,849$288,849$405,000
Remaining term (yrs)24.124.130.0
Secondary amount$0$116,151$0
Funding fee$0$0$0
Note rate2.810%2.810%7.400%
Blended rate3.660%4.905%7.640%
1st payment$1,370.04$1,370.04$2,804.14
2nd payment$0.00$774.34$0.00
Taxes / mo$412.83$412.83$412.83
Insurance / mo$150.00$150.00$150.00
MI / mo$235.87$235.87$81.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,168.74$2,943.08$3,447.97
Cash to close$161,151$45,000$45,000