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$283,493$283,493$323,910
Remaining term (yrs)24.824.830.0
Secondary amount$0$40,417$0
Funding fee$0$0$0
Note rate2.980%2.980%7.400%
Blended rate3.830%4.475%7.640%
1st payment$1,344.43$1,344.43$2,242.69
2nd payment$0.00$303.13$0.00
Taxes / mo$299.92$299.92$299.92
Insurance / mo$150.00$150.00$150.00
MI / mo$226.46$226.46$64.78
HOA / mo$0.00$0.00$0.00
Total monthly$2,020.80$2,323.93$2,757.39
Cash to close$76,407$35,990$35,990