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$246,028$246,028$332,865
Remaining term (yrs)24.724.730.0
Secondary amount$0$86,837$0
Funding fee$0$0$0
Note rate2.940%2.940%7.320%
Blended rate3.790%5.149%7.560%
1st payment$1,164.30$1,164.30$2,286.55
2nd payment$0.00$651.28$0.00
Taxes / mo$575.42$575.42$575.42
Insurance / mo$150.00$150.00$150.00
MI / mo$197.12$197.12$66.57
HOA / mo$15.00$15.00$15.00
Total monthly$2,101.84$2,753.12$3,093.54
Cash to close$123,822$36,985$36,985