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$209,351$209,351$315,000
Remaining term (yrs)24.024.030.0
Secondary amount$0$105,649$0
Funding fee$0$0$0
Note rate2.880%2.880%7.320%
Blended rate3.730%5.162%7.560%
1st payment$1,002.86$1,002.86$2,163.83
2nd payment$0.00$704.32$0.00
Taxes / mo$291.67$291.67$291.67
Insurance / mo$150.00$150.00$150.00
MI / mo$171.11$171.11$63.00
HOA / mo$10.00$10.00$10.00
Total monthly$1,625.64$2,329.96$2,678.50
Cash to close$140,649$35,000$35,000