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$370,957$370,957$405,000
Remaining term (yrs)24.324.330.0
Secondary amount$0$34,043$0
Funding fee$0$0$0
Note rate2.730%2.730%7.400%
Blended rate3.580%4.036%7.640%
1st payment$1,735.95$1,735.95$2,804.14
2nd payment$0.00$255.32$0.00
Taxes / mo$491.00$491.00$491.00
Insurance / mo$150.00$150.00$150.00
MI / mo$301.99$301.99$81.00
HOA / mo$32.00$32.00$32.00
Total monthly$2,710.93$2,966.26$3,558.14
Cash to close$79,043$45,000$45,000