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$209,504$209,504$269,910
Remaining term (yrs)25.025.030.0
Secondary amount$0$60,406$0
Funding fee$0$0$0
Note rate2.900%2.900%7.400%
Blended rate3.750%4.925%7.640%
1st payment$978.20$978.20$1,868.80
2nd payment$0.00$453.04$0.00
Taxes / mo$517.58$517.58$517.58
Insurance / mo$150.00$150.00$150.00
MI / mo$166.47$166.47$53.98
HOA / mo$8.33$8.33$8.33
Total monthly$1,820.58$2,273.62$2,598.70
Cash to close$90,396$29,990$29,990