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$256,143$256,143$382,499
Remaining term (yrs)23.923.930.0
Secondary amount$0$126,356$0
Funding fee$0$0$0
Note rate2.990%2.990%7.400%
Blended rate3.840%5.214%7.640%
1st payment$1,244.45$1,244.45$2,648.35
2nd payment$0.00$842.37$0.00
Taxes / mo$484.00$484.00$484.00
Insurance / mo$150.00$150.00$150.00
MI / mo$209.35$209.35$76.50
HOA / mo$56.67$56.67$56.67
Total monthly$2,144.47$2,986.84$3,415.52
Cash to close$168,856$42,500$42,500