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$215,071$215,071$485,100
Remaining term (yrs)24.524.530.0
Secondary amount$0$270,029$0
Funding fee$0$0$0
Note rate2.770%2.770%7.320%
Blended rate3.620%5.919%7.560%
1st payment$1,003.68$1,003.68$3,332.30
2nd payment$0.00$1,743.94$0.00
Taxes / mo$449.17$449.17$449.17
Insurance / mo$166.67$166.67$166.67
MI / mo$173.70$173.70$97.02
HOA / mo$520.00$520.00$520.00
Total monthly$2,313.21$4,057.14$4,565.15
Cash to close$323,929$53,900$53,900