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$263,393$263,393$337,500
Remaining term (yrs)23.723.730.0
Secondary amount$0$74,107$0
Funding fee$0$0$0
Note rate3.240%3.240%7.400%
Blended rate4.090%5.168%7.640%
1st payment$1,323.03$1,323.03$2,336.78
2nd payment$0.00$555.80$0.00
Taxes / mo$416.67$416.67$416.67
Insurance / mo$150.00$150.00$150.00
MI / mo$215.61$215.61$67.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,105.31$2,661.11$2,970.95
Cash to close$111,607$37,500$37,500