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$299,065$299,065$320,400
Remaining term (yrs)25.125.130.0
Secondary amount$0$39,135$0
Funding fee$0$0$0
Note rate3.070%3.070%7.400%
Blended rate3.920%4.841%7.640%
1st payment$1,419.70$1,419.70$2,218.38
2nd payment$0.00$387.27$0.00
Taxes / mo$326.18$326.18$326.18
Insurance / mo$150.00$150.00$150.00
MI / mo$236.40$236.40$64.08
HOA / mo$5.00$5.00$5.00
Total monthly$2,137.29$2,524.56$2,763.65
Cash to close$56,935$17,800$35,600