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$306,748$306,748$494,100
Remaining term (yrs)24.124.130.0
Secondary amount$0$187,352$0
Funding fee$0$0$0
Note rate2.830%2.830%7.400%
Blended rate3.680%5.318%7.640%
1st payment$1,458.07$1,458.07$3,421.05
2nd payment$0.00$1,249.01$0.00
Taxes / mo$457.50$457.50$457.50
Insurance / mo$166.67$166.67$166.67
MI / mo$250.38$250.38$98.82
HOA / mo$0.00$0.00$0.00
Total monthly$2,332.62$3,581.63$4,144.04
Cash to close$242,252$54,900$54,900