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$308,376$308,376$405,000
Remaining term (yrs)23.923.930.0
Secondary amount$0$96,624$0
Funding fee$0$0$0
Note rate3.020%3.020%7.400%
Blended rate3.870%5.094%7.640%
1st payment$1,506.55$1,506.55$2,804.14
2nd payment$0.00$724.68$0.00
Taxes / mo$433.42$433.42$433.42
Insurance / mo$150.00$150.00$150.00
MI / mo$252.47$252.47$81.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,342.43$3,067.11$3,468.55
Cash to close$141,624$45,000$45,000