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$231,932$231,932$333,000
Remaining term (yrs)24.224.230.0
Secondary amount$0$101,068$0
Funding fee$0$0$0
Note rate2.720%2.720%7.320%
Blended rate3.570%4.915%7.560%
1st payment$1,086.80$1,086.80$2,287.48
2nd payment$0.00$673.79$0.00
Taxes / mo$635.08$635.08$635.08
Insurance / mo$150.00$150.00$150.00
MI / mo$189.30$189.30$66.60
HOA / mo$78.00$78.00$78.00
Total monthly$2,139.19$2,812.97$3,217.16
Cash to close$138,068$37,000$37,000