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$213,546$213,546$324,000
Remaining term (yrs)24.924.930.0
Secondary amount$0$110,454$0
Funding fee$0$0$0
Note rate2.770%2.770%7.320%
Blended rate3.620%5.113%7.560%
1st payment$985.02$985.02$2,225.66
2nd payment$0.00$736.36$0.00
Taxes / mo$340.42$340.42$340.42
Insurance / mo$150.00$150.00$150.00
MI / mo$170.47$170.47$64.80
HOA / mo$28.75$28.75$28.75
Total monthly$1,674.66$2,411.02$2,809.62
Cash to close$146,454$36,000$36,000