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$273,444$273,444$409,500
Remaining term (yrs)23.423.430.0
Secondary amount$0$136,056$0
Funding fee$0$0$0
Note rate3.650%3.650%7.400%
Blended rate4.500%5.663%7.640%
1st payment$1,445.65$1,445.65$2,835.30
2nd payment$0.00$907.04$0.00
Taxes / mo$517.92$517.92$517.92
Insurance / mo$166.67$166.67$166.67
MI / mo$223.84$223.84$81.90
HOA / mo$175.00$175.00$175.00
Total monthly$2,529.07$3,436.11$3,776.78
Cash to close$181,556$45,500$45,500