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$292,905$292,905$427,500
Remaining term (yrs)23.923.930.0
Secondary amount$0$134,595$0
Funding fee$0$0$0
Note rate2.930%2.930%7.400%
Blended rate3.780%5.109%7.640%
1st payment$1,417.38$1,417.38$2,959.92
2nd payment$0.00$897.30$0.00
Taxes / mo$276.67$276.67$276.67
Insurance / mo$166.67$166.67$166.67
MI / mo$240.28$240.28$85.50
HOA / mo$92.00$92.00$92.00
Total monthly$2,192.99$3,090.29$3,580.76
Cash to close$182,095$47,500$47,500