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$245,223$245,223$368,100
Remaining term (yrs)24.224.230.0
Secondary amount$0$122,877$0
Funding fee$0$0$0
Note rate2.710%2.710%7.400%
Blended rate3.560%5.042%7.640%
1st payment$1,147.83$1,147.83$2,548.65
2nd payment$0.00$819.18$0.00
Taxes / mo$180.00$180.00$180.00
Insurance / mo$150.00$150.00$150.00
MI / mo$200.20$200.20$73.62
HOA / mo$454.00$454.00$454.00
Total monthly$2,132.03$2,951.21$3,406.27
Cash to close$163,777$40,900$40,900