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$290,292$290,292$585,000
Remaining term (yrs)20.220.230.0
Secondary amount$0$294,708$0
Funding fee$0$0$0
Note rate2.600%2.600%7.320%
Blended rate3.450%5.616%7.560%
1st payment$1,533.04$1,533.04$4,018.54
2nd payment$0.00$1,903.32$0.00
Taxes / mo$541.67$541.67$541.67
Insurance / mo$166.67$166.67$166.67
MI / mo$271.25$271.25$117.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,512.62$4,415.95$4,843.88
Cash to close$359,708$65,000$65,000