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$88,069$88,069$305,910
Remaining term (yrs)23.923.930.0
Secondary amount$0$217,841$0
Funding fee$0$0$0
Note rate2.930%2.930%7.240%
Blended rate3.780%6.607%7.480%
1st payment$425.15$425.15$2,084.77
2nd payment$0.00$1,406.89$0.00
Taxes / mo$283.25$283.25$283.25
Insurance / mo$150.00$150.00$150.00
MI / mo$72.07$72.07$61.18
HOA / mo$0.00$0.00$0.00
Total monthly$930.47$2,337.37$2,579.20
Cash to close$251,831$33,990$33,990