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$217,952$217,952$575,100
Remaining term (yrs)24.324.330.0
Secondary amount$0$357,148$0
Funding fee$0$0$0
Note rate2.650%2.650%7.320%
Blended rate3.500%6.139%7.560%
1st payment$1,008.64$1,008.64$3,950.54
2nd payment$0.00$2,306.58$0.00
Taxes / mo$574.33$574.33$574.33
Insurance / mo$166.67$166.67$166.67
MI / mo$177.30$177.30$115.02
HOA / mo$361.00$361.00$361.00
Total monthly$2,287.94$4,594.52$5,167.56
Cash to close$421,048$63,900$63,900