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$338,014$338,014$485,910
Remaining term (yrs)24.424.430.0
Secondary amount$0$147,896$0
Funding fee$0$0$0
Note rate2.740%2.740%7.400%
Blended rate3.590%4.932%7.640%
1st payment$1,579.72$1,579.72$3,364.34
2nd payment$0.00$985.98$0.00
Taxes / mo$431.58$431.58$431.58
Insurance / mo$166.67$166.67$166.67
MI / mo$274.45$274.45$97.18
HOA / mo$116.67$116.67$116.67
Total monthly$2,569.10$3,555.07$4,176.44
Cash to close$201,886$53,990$53,990