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$231,374$231,374$292,500
Remaining term (yrs)24.624.630.0
Secondary amount$0$61,126$0
Funding fee$0$0$0
Note rate2.970%2.970%7.320%
Blended rate3.820%4.902%7.560%
1st payment$1,101.05$1,101.05$2,009.27
2nd payment$0.00$458.44$0.00
Taxes / mo$270.83$270.83$270.83
Insurance / mo$150.00$150.00$150.00
MI / mo$185.70$185.70$58.50
HOA / mo$29.17$29.17$29.17
Total monthly$1,736.75$2,195.20$2,517.78
Cash to close$93,626$32,500$32,500