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$285,360$285,360$337,500
Remaining term (yrs)24.924.930.0
Secondary amount$0$52,140$0
Funding fee$0$0$0
Note rate2.870%2.870%7.400%
Blended rate3.720%4.536%7.640%
1st payment$1,333.99$1,333.99$2,336.78
2nd payment$0.00$391.05$0.00
Taxes / mo$586.19$586.19$586.19
Insurance / mo$150.00$150.00$150.00
MI / mo$227.90$227.90$67.50
HOA / mo$161.00$161.00$161.00
Total monthly$2,459.08$2,850.12$3,301.47
Cash to close$89,640$37,500$37,500