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$434,276$434,276$643,500
Remaining term (yrs)25.225.230.0
Secondary amount$0$209,224$0
Funding fee$0$0$0
Note rate3.120%3.120%7.400%
Blended rate3.970%5.199%7.640%
1st payment$2,068.47$2,068.47$4,455.46
2nd payment$0.00$1,351.24$0.00
Taxes / mo$595.83$595.83$595.83
Insurance / mo$216.67$216.67$216.67
MI / mo$342.25$342.25$128.70
HOA / mo$0.00$0.00$0.00
Total monthly$3,223.21$4,574.45$5,396.66
Cash to close$280,724$71,500$71,500