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$267,482$267,482$400,500
Remaining term (yrs)22.822.830.0
Secondary amount$0$133,018$0
Funding fee$0$0$0
Note rate3.820%3.820%7.400%
Blended rate4.670%5.776%7.640%
1st payment$1,461.19$1,461.19$2,772.98
2nd payment$0.00$886.79$0.00
Taxes / mo$370.83$370.83$370.83
Insurance / mo$150.00$150.00$150.00
MI / mo$221.58$221.58$80.10
HOA / mo$395.00$395.00$395.00
Total monthly$2,598.61$3,485.40$3,768.91
Cash to close$177,518$44,500$44,500