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$5,135$5,135$265,500
Remaining term (yrs)11.511.530.0
Secondary amount$0$260,365$0
Funding fee$0$0$0
Note rate2.970%2.970%7.400%
Blended rate3.820%7.674%7.640%
1st payment$43.44$43.44$1,838.27
2nd payment$0.00$1,681.52$0.00
Taxes / mo$180.58$180.58$180.58
Insurance / mo$150.00$150.00$150.00
MI / mo$4.92$4.92$53.10
HOA / mo$0.00$0.00$0.00
Total monthly$378.95$2,060.48$2,221.95
Cash to close$289,865$29,500$29,500