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$377,777$377,777$539,999
Remaining term (yrs)22.922.930.0
Secondary amount$0$162,222$0
Funding fee$0$0$0
Note rate4.060%4.060%7.400%
Blended rate4.910%5.838%7.640%
1st payment$2,103.43$2,103.43$3,738.84
2nd payment$0.00$1,081.48$0.00
Taxes / mo$500.00$500.00$500.00
Insurance / mo$166.67$166.67$166.67
MI / mo$309.83$309.83$108.00
HOA / mo$0.00$0.00$0.00
Total monthly$3,079.92$4,161.40$4,513.51
Cash to close$222,222$60,000$60,000