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$236,868$236,868$332,910
Remaining term (yrs)24.224.230.0
Secondary amount$0$96,042$0
Funding fee$0$0$0
Note rate2.710%2.710%7.320%
Blended rate3.560%5.129%7.560%
1st payment$1,108.72$1,108.72$2,286.86
2nd payment$0.00$720.32$0.00
Taxes / mo$199.92$199.92$199.92
Insurance / mo$150.00$150.00$150.00
MI / mo$193.38$193.38$66.58
HOA / mo$285.00$285.00$285.00
Total monthly$1,937.01$2,657.33$2,988.36
Cash to close$133,032$36,990$36,990