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$643,761$643,761$890,100
Remaining term (yrs)24.324.330.0
Secondary amount$0$246,339$0
Funding fee$0$0$0
Note rate2.840%2.840%7.320%
Blended rate3.690%4.814%7.560%
1st payment$3,041.57$3,041.57$6,114.37
2nd payment$0.00$1,590.94$0.00
Taxes / mo$824.17$824.17$824.17
Insurance / mo$216.67$216.67$216.67
MI / mo$521.63$521.63$178.02
HOA / mo$0.00$0.00$0.00
Total monthly$4,604.03$6,194.97$7,333.22
Cash to close$345,239$98,900$98,900