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$325,857$325,857$355,500
Remaining term (yrs)24.724.730.0
Secondary amount$0$29,643$0
Funding fee$0$0$0
Note rate2.940%2.940%7.320%
Blended rate3.790%4.224%7.560%
1st payment$1,542.08$1,542.08$2,442.04
2nd payment$0.00$222.32$0.00
Taxes / mo$341.25$341.25$341.25
Insurance / mo$150.00$150.00$150.00
MI / mo$261.08$261.08$71.10
HOA / mo$67.00$67.00$67.00
Total monthly$2,361.42$2,583.74$3,071.39
Cash to close$69,143$39,500$39,500