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$137,686$137,686$396,000
Remaining term (yrs)19.819.830.0
Secondary amount$0$258,314$0
Funding fee$0$0$0
Note rate2.270%2.270%7.320%
Blended rate3.120%6.140%7.560%
1st payment$716.64$716.64$2,720.25
2nd payment$0.00$1,668.28$0.00
Taxes / mo$195.58$195.58$195.58
Insurance / mo$150.00$150.00$150.00
MI / mo$116.13$116.13$79.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,178.35$2,846.62$3,145.03
Cash to close$302,314$44,000$44,000