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$309,505$309,505$395,100
Remaining term (yrs)23.723.730.0
Secondary amount$0$85,595$0
Funding fee$0$0$0
Note rate3.150%3.150%7.320%
Blended rate4.000%5.083%7.560%
1st payment$1,540.13$1,540.13$2,714.06
2nd payment$0.00$641.96$0.00
Taxes / mo$207.00$207.00$207.00
Insurance / mo$150.00$150.00$150.00
MI / mo$253.86$253.86$79.02
HOA / mo$0.00$0.00$0.00
Total monthly$2,150.98$2,792.94$3,150.08
Cash to close$129,495$43,900$43,900