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$369,937$369,937$408,600
Remaining term (yrs)25.325.330.0
Secondary amount$0$38,663$0
Funding fee$0$0$0
Note rate3.690%3.690%7.400%
Blended rate4.540%4.962%7.640%
1st payment$1,871.05$1,871.05$2,829.06
2nd payment$0.00$289.97$0.00
Taxes / mo$673.00$673.00$673.00
Insurance / mo$166.67$166.67$166.67
MI / mo$288.29$288.29$81.72
HOA / mo$42.67$42.67$42.67
Total monthly$3,041.68$3,331.65$3,793.12
Cash to close$84,063$45,400$45,400