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$250,218$250,218$337,410
Remaining term (yrs)24.624.630.0
Secondary amount$0$87,192$0
Funding fee$0$0$0
Note rate2.810%2.810%7.320%
Blended rate3.660%5.040%7.560%
1st payment$1,170.08$1,170.08$2,317.77
2nd payment$0.00$653.94$0.00
Taxes / mo$242.50$242.50$242.50
Insurance / mo$150.00$150.00$150.00
MI / mo$201.45$201.45$67.48
HOA / mo$40.00$40.00$40.00
Total monthly$1,804.03$2,457.97$2,817.75
Cash to close$124,682$37,490$37,490