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$211,057$211,057$243,000
Remaining term (yrs)24.724.730.0
Secondary amount$0$31,943$0
Funding fee$0$0$0
Note rate2.970%2.970%7.320%
Blended rate3.820%4.501%7.560%
1st payment$1,002.08$1,002.08$1,669.24
2nd payment$0.00$239.58$0.00
Taxes / mo$195.17$195.17$195.17
Insurance / mo$150.00$150.00$150.00
MI / mo$169.01$169.01$48.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,516.26$1,755.83$2,063.01
Cash to close$58,943$27,000$27,000