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$10,135$10,135$297,000
Remaining term (yrs)13.913.930.0
Secondary amount$0$286,865$0
Funding fee$0$0$0
Note rate2.770%2.770%7.320%
Blended rate3.620%7.609%7.560%
1st payment$72.50$72.50$2,040.18
2nd payment$0.00$1,852.67$0.00
Taxes / mo$169.83$169.83$169.83
Insurance / mo$150.00$150.00$150.00
MI / mo$9.10$9.10$59.40
HOA / mo$29.33$29.33$29.33
Total monthly$430.76$2,283.42$2,448.75
Cash to close$319,865$33,000$33,000