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$404,123$404,123$2,245,500
Remaining term (yrs)25.225.230.0
Secondary amount$0$1,841,377$0
Funding fee$0$0$0
Note rate3.070%3.070%7.400%
Blended rate3.920%7.061%7.640%
1st payment$1,914.25$1,914.25$15,547.39
2nd payment$0.00$11,892.23$0.00
Taxes / mo$2,079.17$2,079.17$2,079.17
Insurance / mo$216.67$216.67$216.67
MI / mo$318.75$318.75$449.10
HOA / mo$0.00$0.00$0.00
Total monthly$4,528.83$16,421.06$18,292.32
Cash to close$2,090,877$249,500$249,500