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$255,982$255,982$319,500
Remaining term (yrs)24.824.830.0
Secondary amount$0$63,518$0
Funding fee$0$0$0
Note rate2.800%2.800%7.320%
Blended rate3.650%4.714%7.560%
1st payment$1,190.18$1,190.18$2,194.74
2nd payment$0.00$476.38$0.00
Taxes / mo$439.58$439.58$439.58
Insurance / mo$150.00$150.00$150.00
MI / mo$205.17$205.17$63.90
HOA / mo$30.67$30.67$30.67
Total monthly$2,015.61$2,491.99$2,878.90
Cash to close$99,018$35,500$35,500