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$21,847$21,847$233,910
Remaining term (yrs)20.220.230.0
Secondary amount$0$212,063$0
Funding fee$0$0$0
Note rate2.310%2.310%7.320%
Blended rate3.160%7.321%7.560%
1st payment$112.29$112.29$1,606.80
2nd payment$0.00$1,369.57$0.00
Taxes / mo$274.00$274.00$274.00
Insurance / mo$150.00$150.00$150.00
MI / mo$18.11$18.11$46.78
HOA / mo$0.00$0.00$0.00
Total monthly$554.40$1,923.98$2,077.58
Cash to close$238,053$25,990$25,990