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$289,441$289,441$427,500
Remaining term (yrs)24.324.330.0
Secondary amount$0$138,059$0
Funding fee$0$0$0
Note rate2.700%2.700%7.400%
Blended rate3.550%4.987%7.640%
1st payment$1,350.07$1,350.07$2,959.92
2nd payment$0.00$920.39$0.00
Taxes / mo$395.83$395.83$395.83
Insurance / mo$166.67$166.67$166.67
MI / mo$235.78$235.78$85.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,148.34$3,068.74$3,607.92
Cash to close$185,559$47,500$47,500