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$229,859$229,859$270,000
Remaining term (yrs)24.024.030.0
Secondary amount$0$40,141$0
Funding fee$0$0$0
Note rate2.900%2.900%7.320%
Blended rate3.750%4.531%7.560%
1st payment$1,103.46$1,103.46$1,854.71
2nd payment$0.00$301.06$0.00
Taxes / mo$157.24$157.24$157.24
Insurance / mo$150.00$150.00$150.00
MI / mo$187.79$187.79$54.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,598.49$1,899.55$2,215.96
Cash to close$70,141$30,000$30,000