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$232,458$232,458$358,200
Remaining term (yrs)24.124.130.0
Secondary amount$0$125,742$0
Funding fee$0$0$0
Note rate2.800%2.800%7.320%
Blended rate3.650%5.177%7.560%
1st payment$1,101.38$1,101.38$2,460.59
2nd payment$0.00$838.28$0.00
Taxes / mo$351.83$351.83$351.83
Insurance / mo$150.00$150.00$150.00
MI / mo$189.87$189.87$71.64
HOA / mo$81.33$81.33$81.33
Total monthly$1,874.41$2,712.69$3,115.39
Cash to close$165,542$39,800$39,800