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$266,898$266,898$441,000
Remaining term (yrs)24.124.130.0
Secondary amount$0$174,102$0
Funding fee$0$0$0
Note rate2.870%2.870%7.400%
Blended rate3.720%5.410%7.640%
1st payment$1,274.12$1,274.12$3,053.39
2nd payment$0.00$1,160.68$0.00
Taxes / mo$220.42$220.42$220.42
Insurance / mo$166.67$166.67$166.67
MI / mo$217.67$217.67$88.20
HOA / mo$79.00$79.00$79.00
Total monthly$1,957.87$3,118.55$3,607.68
Cash to close$223,102$49,000$49,000