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$302,598$302,598$558,000
Remaining term (yrs)19.519.530.0
Secondary amount$0$255,402$0
Funding fee$0$0$0
Note rate3.690%3.690%7.320%
Blended rate4.540%6.009%7.560%
1st payment$1,805.11$1,805.11$3,833.07
2nd payment$0.00$1,649.47$0.00
Taxes / mo$517.25$517.25$517.25
Insurance / mo$166.67$166.67$166.67
MI / mo$278.13$278.13$111.60
HOA / mo$0.00$0.00$0.00
Total monthly$2,767.16$4,416.63$4,628.59
Cash to close$317,402$62,000$62,000