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$217,506$217,506$234,000
Remaining term (yrs)25.225.230.0
Secondary amount$0$29,494$0
Funding fee$0$0$0
Note rate2.990%2.990%7.400%
Blended rate3.840%4.799%7.640%
1st payment$1,021.19$1,021.19$1,620.17
2nd payment$0.00$291.87$0.00
Taxes / mo$457.67$457.67$457.67
Insurance / mo$150.00$150.00$150.00
MI / mo$171.79$171.79$46.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,800.65$2,092.52$2,274.64
Cash to close$42,494$13,000$26,000