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$286,044$286,044$450,000
Remaining term (yrs)23.923.930.0
Secondary amount$0$163,956$0
Funding fee$0$0$0
Note rate2.900%2.900%7.400%
Blended rate3.750%5.298%7.640%
1st payment$1,376.46$1,376.46$3,115.71
2nd payment$0.00$1,093.04$0.00
Taxes / mo$302.17$302.17$302.17
Insurance / mo$166.67$166.67$166.67
MI / mo$234.24$234.24$90.00
HOA / mo$75.00$75.00$75.00
Total monthly$2,154.54$3,247.58$3,749.54
Cash to close$213,956$50,000$50,000