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$227,526$227,526$314,100
Remaining term (yrs)24.824.830.0
Secondary amount$0$86,574$0
Funding fee$0$0$0
Note rate2.980%2.980%7.400%
Blended rate3.830%5.255%7.640%
1st payment$1,079.02$1,079.02$2,174.76
2nd payment$0.00$649.30$0.00
Taxes / mo$290.83$290.83$290.83
Insurance / mo$150.00$150.00$150.00
MI / mo$181.75$181.75$62.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,701.60$2,350.90$2,678.42
Cash to close$121,474$34,900$34,900