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$241,380$241,380$369,000
Remaining term (yrs)24.624.630.0
Secondary amount$0$127,620$0
Funding fee$0$0$0
Note rate2.740%2.740%7.320%
Blended rate3.590%5.115%7.560%
1st payment$1,120.11$1,120.11$2,534.77
2nd payment$0.00$850.80$0.00
Taxes / mo$182.42$182.42$182.42
Insurance / mo$150.00$150.00$150.00
MI / mo$194.60$194.60$73.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,647.12$2,497.92$2,940.99
Cash to close$168,620$41,000$41,000