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$276,864$276,864$508,500
Remaining term (yrs)23.923.930.0
Secondary amount$0$231,636$0
Funding fee$0$0$0
Note rate3.020%3.020%7.400%
Blended rate3.870%5.637%7.640%
1st payment$1,352.60$1,352.60$3,520.75
2nd payment$0.00$1,495.98$0.00
Taxes / mo$384.85$384.85$384.85
Insurance / mo$166.67$166.67$166.67
MI / mo$226.67$226.67$101.70
HOA / mo$0.00$0.00$0.00
Total monthly$2,130.79$3,626.77$4,173.97
Cash to close$288,136$56,500$56,500