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$216,893$216,893$326,700
Remaining term (yrs)24.924.930.0
Secondary amount$0$109,807$0
Funding fee$0$0$0
Note rate2.840%2.840%7.400%
Blended rate3.690%5.139%7.640%
1st payment$1,008.27$1,008.27$2,262.00
2nd payment$0.00$732.05$0.00
Taxes / mo$168.75$168.75$168.75
Insurance / mo$150.00$150.00$150.00
MI / mo$172.92$172.92$65.34
HOA / mo$0.00$0.00$0.00
Total monthly$1,499.93$2,231.98$2,646.09
Cash to close$146,107$36,300$36,300