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$223,560$223,560$260,100
Remaining term (yrs)25.025.030.0
Secondary amount$0$36,540$0
Funding fee$0$0$0
Note rate2.990%2.990%7.400%
Blended rate3.840%4.565%7.640%
1st payment$1,054.27$1,054.27$1,800.88
2nd payment$0.00$274.05$0.00
Taxes / mo$81.58$81.58$81.58
Insurance / mo$150.00$150.00$150.00
MI / mo$177.35$177.35$52.02
HOA / mo$0.00$0.00$0.00
Total monthly$1,463.20$1,737.26$2,084.48
Cash to close$65,440$28,900$28,900