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$214,126$214,126$234,000
Remaining term (yrs)23.923.930.0
Secondary amount$0$32,874$0
Funding fee$0$0$0
Note rate2.940%2.940%7.320%
Blended rate3.790%4.866%7.560%
1st payment$1,034.79$1,034.79$1,607.42
2nd payment$0.00$325.32$0.00
Taxes / mo$348.30$348.30$348.30
Insurance / mo$150.00$150.00$150.00
MI / mo$175.20$175.20$46.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,708.29$2,033.61$2,152.52
Cash to close$45,874$13,000$26,000