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$352,295$352,295$427,500
Remaining term (yrs)24.924.930.0
Secondary amount$0$75,205$0
Funding fee$0$0$0
Note rate2.870%2.870%7.400%
Blended rate3.720%4.649%7.640%
1st payment$1,646.90$1,646.90$2,959.92
2nd payment$0.00$564.04$0.00
Taxes / mo$390.75$390.75$390.75
Insurance / mo$166.67$166.67$166.67
MI / mo$281.35$281.35$85.50
HOA / mo$85.00$85.00$85.00
Total monthly$2,570.67$3,134.71$3,687.84
Cash to close$122,705$47,500$47,500