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$285,446$285,446$346,500
Remaining term (yrs)25.125.130.0
Secondary amount$0$61,054$0
Funding fee$0$0$0
Note rate3.090%3.090%7.400%
Blended rate3.940%4.832%7.640%
1st payment$1,358.04$1,358.04$2,399.10
2nd payment$0.00$457.90$0.00
Taxes / mo$451.25$451.25$451.25
Insurance / mo$150.00$150.00$150.00
MI / mo$225.56$225.56$69.30
HOA / mo$0.00$0.00$0.00
Total monthly$2,184.85$2,642.76$3,069.65
Cash to close$99,554$38,500$38,500