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$370,969$370,969$495,000
Remaining term (yrs)23.723.730.0
Secondary amount$0$124,031$0
Funding fee$0$0$0
Note rate3.230%3.230%7.400%
Blended rate4.080%5.062%7.640%
1st payment$1,861.45$1,861.45$3,427.28
2nd payment$0.00$826.87$0.00
Taxes / mo$706.83$706.83$706.83
Insurance / mo$166.67$166.67$166.67
MI / mo$303.73$303.73$99.00
HOA / mo$50.00$50.00$50.00
Total monthly$3,088.68$3,915.56$4,449.78
Cash to close$179,031$55,000$55,000