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$282,299$282,299$400,500
Remaining term (yrs)25.025.030.0
Secondary amount$0$118,201$0
Funding fee$0$0$0
Note rate2.990%2.990%7.400%
Blended rate3.840%5.068%7.640%
1st payment$1,331.27$1,331.27$2,772.98
2nd payment$0.00$788.01$0.00
Taxes / mo$848.17$848.17$848.17
Insurance / mo$150.00$150.00$150.00
MI / mo$223.95$223.95$80.10
HOA / mo$0.00$0.00$0.00
Total monthly$2,553.39$3,341.40$3,851.25
Cash to close$162,701$44,500$44,500