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$272,268$272,268$481,500
Remaining term (yrs)24.424.430.0
Secondary amount$0$209,232$0
Funding fee$0$0$0
Note rate2.740%2.740%7.400%
Blended rate3.590%5.398%7.640%
1st payment$1,269.43$1,269.43$3,333.81
2nd payment$0.00$1,351.29$0.00
Taxes / mo$614.83$614.83$614.83
Insurance / mo$166.67$166.67$166.67
MI / mo$220.54$220.54$96.30
HOA / mo$0.00$0.00$0.00
Total monthly$2,271.47$3,622.76$4,211.61
Cash to close$262,732$53,500$53,500