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$267,400$267,400$285,300
Remaining term (yrs)24.924.930.0
Secondary amount$0$33,750$0
Funding fee$0$0$0
Note rate2.870%2.870%7.320%
Blended rate3.720%4.634%7.560%
1st payment$1,247.19$1,247.19$1,959.81
2nd payment$0.00$333.99$0.00
Taxes / mo$476.50$476.50$476.50
Insurance / mo$150.00$150.00$150.00
MI / mo$213.07$213.07$57.06
HOA / mo$137.33$137.33$137.33
Total monthly$2,224.09$2,558.08$2,780.70
Cash to close$49,600$15,850$31,700