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$270,587$270,587$346,410
Remaining term (yrs)24.924.930.0
Secondary amount$0$75,823$0
Funding fee$0$0$0
Note rate2.870%2.870%7.240%
Blended rate3.720%4.876%7.480%
1st payment$1,262.06$1,262.06$2,360.78
2nd payment$0.00$568.67$0.00
Taxes / mo$350.75$350.75$350.75
Insurance / mo$150.00$150.00$150.00
MI / mo$215.61$215.61$69.28
HOA / mo$0.00$0.00$0.00
Total monthly$1,978.41$2,547.09$2,930.81
Cash to close$114,313$38,490$38,490