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$250,161$250,161$305,910
Remaining term (yrs)25.025.030.0
Secondary amount$0$55,749$0
Funding fee$0$0$0
Note rate2.880%2.880%7.320%
Blended rate3.730%4.690%7.560%
1st payment$1,165.44$1,165.44$2,101.39
2nd payment$0.00$418.12$0.00
Taxes / mo$318.42$318.42$318.42
Insurance / mo$150.00$150.00$150.00
MI / mo$198.84$198.84$61.18
HOA / mo$0.00$0.00$0.00
Total monthly$1,832.70$2,250.82$2,630.99
Cash to close$89,739$33,990$33,990