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$277,844$277,844$387,000
Remaining term (yrs)25.025.030.0
Secondary amount$0$109,156$0
Funding fee$0$0$0
Note rate2.990%2.990%7.400%
Blended rate3.840%5.013%7.640%
1st payment$1,310.26$1,310.26$2,679.51
2nd payment$0.00$727.71$0.00
Taxes / mo$378.92$378.92$378.92
Insurance / mo$150.00$150.00$150.00
MI / mo$220.42$220.42$77.40
HOA / mo$103.33$103.33$103.33
Total monthly$2,162.93$2,890.63$3,389.16
Cash to close$152,156$43,000$43,000