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$241,823$241,823$323,100
Remaining term (yrs)24.824.830.0
Secondary amount$0$81,277$0
Funding fee$0$0$0
Note rate2.930%2.930%7.320%
Blended rate3.780%5.093%7.560%
1st payment$1,140.55$1,140.55$2,219.47
2nd payment$0.00$609.58$0.00
Taxes / mo$321.33$321.33$321.33
Insurance / mo$150.00$150.00$150.00
MI / mo$193.35$193.35$64.62
HOA / mo$0.00$0.00$0.00
Total monthly$1,805.23$2,414.81$2,755.43
Cash to close$117,177$35,900$35,900