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$242,800$242,800$351,000
Remaining term (yrs)24.224.230.0
Secondary amount$0$108,200$0
Funding fee$0$0$0
Note rate2.710%2.710%7.400%
Blended rate3.560%4.929%7.640%
1st payment$1,136.49$1,136.49$2,430.25
2nd payment$0.00$721.33$0.00
Taxes / mo$391.92$391.92$391.92
Insurance / mo$150.00$150.00$150.00
MI / mo$198.22$198.22$70.20
HOA / mo$31.25$31.25$31.25
Total monthly$1,907.87$2,629.21$3,073.62
Cash to close$147,200$39,000$39,000