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$349,699$349,699$476,100
Remaining term (yrs)24.424.430.0
Secondary amount$0$126,401$0
Funding fee$0$0$0
Note rate2.810%2.810%7.400%
Blended rate3.660%4.812%7.640%
1st payment$1,642.96$1,642.96$3,296.42
2nd payment$0.00$842.67$0.00
Taxes / mo$440.83$440.83$440.83
Insurance / mo$166.67$166.67$166.67
MI / mo$282.86$282.86$95.22
HOA / mo$135.00$135.00$135.00
Total monthly$2,668.32$3,511.00$4,134.14
Cash to close$179,301$52,900$52,900