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$374,104$374,104$454,500
Remaining term (yrs)25.225.230.0
Secondary amount$0$80,396$0
Funding fee$0$0$0
Note rate3.070%3.070%7.400%
Blended rate3.920%4.819%7.640%
1st payment$1,772.06$1,772.06$3,146.87
2nd payment$0.00$602.97$0.00
Taxes / mo$126.03$126.03$126.03
Insurance / mo$166.67$166.67$166.67
MI / mo$295.07$295.07$90.90
HOA / mo$0.00$0.00$0.00
Total monthly$2,359.83$2,962.80$3,530.47
Cash to close$130,896$50,500$50,500