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$365,338$365,338$404,910
Remaining term (yrs)24.524.530.0
Secondary amount$0$39,572$0
Funding fee$0$0$0
Note rate2.680%2.680%7.320%
Blended rate3.530%4.065%7.560%
1st payment$1,688.17$1,688.17$2,781.45
2nd payment$0.00$296.79$0.00
Taxes / mo$860.25$860.25$860.25
Insurance / mo$150.00$150.00$150.00
MI / mo$295.59$295.59$80.98
HOA / mo$0.00$0.00$0.00
Total monthly$2,994.00$3,290.79$3,872.68
Cash to close$84,562$44,990$44,990