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$281,044$281,044$359,100
Remaining term (yrs)24.924.930.0
Secondary amount$0$78,056$0
Funding fee$0$0$0
Note rate2.770%2.770%7.400%
Blended rate3.620%4.789%7.640%
1st payment$1,299.37$1,299.37$2,486.34
2nd payment$0.00$585.42$0.00
Taxes / mo$110.17$110.17$110.17
Insurance / mo$150.00$150.00$150.00
MI / mo$224.87$224.87$71.82
HOA / mo$12.50$12.50$12.50
Total monthly$1,796.90$2,382.32$2,830.82
Cash to close$117,956$39,900$39,900