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$271,173$271,173$422,550
Remaining term (yrs)23.923.930.0
Secondary amount$0$151,377$0
Funding fee$0$0$0
Note rate2.980%2.980%7.320%
Blended rate3.830%5.324%7.560%
1st payment$1,319.20$1,319.20$2,902.63
2nd payment$0.00$1,009.18$0.00
Taxes / mo$491.83$491.83$491.83
Insurance / mo$166.67$166.67$166.67
MI / mo$222.21$222.21$84.51
HOA / mo$262.00$262.00$262.00
Total monthly$2,461.90$3,471.08$3,907.64
Cash to close$198,327$46,950$46,950