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$217,629$217,629$328,500
Remaining term (yrs)24.324.330.0
Secondary amount$0$110,871$0
Funding fee$0$0$0
Note rate2.680%2.680%7.400%
Blended rate3.530%5.039%7.640%
1st payment$1,012.90$1,012.90$2,274.47
2nd payment$0.00$739.14$0.00
Taxes / mo$304.17$304.17$304.17
Insurance / mo$150.00$150.00$150.00
MI / mo$177.35$177.35$65.70
HOA / mo$10.00$10.00$10.00
Total monthly$1,654.42$2,393.56$2,804.33
Cash to close$147,371$36,500$36,500