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$361,865$361,865$645,300
Remaining term (yrs)23.023.030.0
Secondary amount$0$283,435$0
Funding fee$0$0$0
Note rate3.600%3.600%7.400%
Blended rate4.450%5.899%7.640%
1st payment$1,920.90$1,920.90$4,467.93
2nd payment$0.00$1,830.52$0.00
Taxes / mo$597.50$597.50$597.50
Insurance / mo$216.67$216.67$216.67
MI / mo$299.27$299.27$129.06
HOA / mo$77.00$77.00$77.00
Total monthly$3,111.34$4,941.86$5,488.15
Cash to close$355,135$71,700$71,700