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$321,642$321,642$436,500
Remaining term (yrs)23.823.830.0
Secondary amount$0$114,858$0
Funding fee$0$0$0
Note rate3.210%3.210%7.400%
Blended rate4.060%5.097%7.640%
1st payment$1,606.84$1,606.84$3,022.24
2nd payment$0.00$765.72$0.00
Taxes / mo$301.75$301.75$301.75
Insurance / mo$166.67$166.67$166.67
MI / mo$262.85$262.85$87.30
HOA / mo$150.00$150.00$150.00
Total monthly$2,488.10$3,253.83$3,727.95
Cash to close$163,358$48,500$48,500