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$375,291$375,291$899,996
Remaining term (yrs)19.919.930.0
Secondary amount$0$524,704$0
Funding fee$0$0$0
Note rate3.710%3.710%7.400%
Blended rate4.560%6.420%7.640%
1st payment$2,217.25$2,217.25$6,231.39
2nd payment$0.00$3,388.71$0.00
Taxes / mo$833.33$833.33$833.33
Insurance / mo$216.67$216.67$216.67
MI / mo$340.80$340.80$180.00
HOA / mo$0.00$0.00$0.00
Total monthly$3,608.05$6,996.76$7,461.38
Cash to close$624,704$100,000$100,000