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$297,516$297,516$391,500
Remaining term (yrs)23.923.930.0
Secondary amount$0$93,984$0
Funding fee$0$0$0
Note rate2.940%2.940%7.400%
Blended rate3.790%5.041%7.640%
1st payment$1,437.79$1,437.79$2,710.67
2nd payment$0.00$704.88$0.00
Taxes / mo$362.50$362.50$362.50
Insurance / mo$150.00$150.00$150.00
MI / mo$243.43$243.43$78.30
HOA / mo$573.00$573.00$573.00
Total monthly$2,766.71$3,471.59$3,874.47
Cash to close$137,484$43,500$43,500