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$324,608$324,608$359,100
Remaining term (yrs)23.623.630.0
Secondary amount$0$34,492$0
Funding fee$0$0$0
Note rate3.310%3.310%7.320%
Blended rate4.160%4.625%7.560%
1st payment$1,646.22$1,646.22$2,466.77
2nd payment$0.00$258.69$0.00
Taxes / mo$413.08$413.08$413.08
Insurance / mo$150.00$150.00$150.00
MI / mo$265.92$265.92$71.82
HOA / mo$230.00$230.00$230.00
Total monthly$2,705.22$2,963.91$3,331.67
Cash to close$74,392$39,900$39,900