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$319,373$319,373$337,500
Remaining term (yrs)25.025.030.0
Secondary amount$0$36,877$0
Funding fee$0$0$0
Note rate2.880%2.880%7.400%
Blended rate3.730%4.573%7.640%
1st payment$1,487.88$1,487.88$2,336.78
2nd payment$0.00$364.93$0.00
Taxes / mo$184.50$184.50$184.50
Insurance / mo$150.00$150.00$150.00
MI / mo$253.86$253.86$67.50
HOA / mo$96.00$96.00$96.00
Total monthly$2,172.24$2,537.17$2,834.78
Cash to close$55,627$18,750$37,500