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$207,163$207,163$566,100
Remaining term (yrs)24.824.830.0
Secondary amount$0$358,937$0
Funding fee$0$0$0
Note rate2.980%2.980%7.400%
Blended rate3.830%6.315%7.640%
1st payment$982.45$982.45$3,919.56
2nd payment$0.00$2,318.13$0.00
Taxes / mo$674.33$674.33$674.33
Insurance / mo$166.67$166.67$166.67
MI / mo$165.48$165.48$113.22
HOA / mo$0.00$0.00$0.00
Total monthly$1,988.93$4,307.06$4,873.78
Cash to close$421,837$62,900$62,900