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$226,418$226,418$278,910
Remaining term (yrs)24.824.830.0
Secondary amount$0$52,492$0
Funding fee$0$0$0
Note rate2.990%2.990%7.400%
Blended rate3.840%4.811%7.640%
1st payment$1,074.94$1,074.94$1,931.12
2nd payment$0.00$393.69$0.00
Taxes / mo$349.50$349.50$349.50
Insurance / mo$150.00$150.00$150.00
MI / mo$180.83$180.83$55.78
HOA / mo$0.00$0.00$0.00
Total monthly$1,755.27$2,148.96$2,486.40
Cash to close$83,482$30,990$30,990