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$274,704$274,704$369,000
Remaining term (yrs)24.624.630.0
Secondary amount$0$94,296$0
Funding fee$0$0$0
Note rate2.970%2.970%7.400%
Blended rate3.820%5.144%7.640%
1st payment$1,307.25$1,307.25$2,554.88
2nd payment$0.00$707.22$0.00
Taxes / mo$166.83$166.83$166.83
Insurance / mo$150.00$150.00$150.00
MI / mo$220.47$220.47$73.80
HOA / mo$30.00$30.00$30.00
Total monthly$1,874.55$2,581.78$2,975.51
Cash to close$135,296$41,000$41,000