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$280,793$280,793$413,910
Remaining term (yrs)24.024.030.0
Secondary amount$0$133,117$0
Funding fee$0$0$0
Note rate2.890%2.890%7.320%
Blended rate3.740%5.110%7.560%
1st payment$1,346.53$1,346.53$2,843.27
2nd payment$0.00$887.45$0.00
Taxes / mo$182.42$182.42$182.42
Insurance / mo$166.67$166.67$166.67
MI / mo$229.45$229.45$82.78
HOA / mo$0.00$0.00$0.00
Total monthly$1,925.06$2,812.51$3,275.14
Cash to close$179,107$45,990$45,990