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$254,552$254,552$359,910
Remaining term (yrs)23.423.430.0
Secondary amount$0$105,358$0
Funding fee$0$0$0
Note rate3.490%3.490%7.400%
Blended rate4.340%5.411%7.640%
1st payment$1,321.09$1,321.09$2,491.94
2nd payment$0.00$702.38$0.00
Taxes / mo$350.33$350.33$350.33
Insurance / mo$150.00$150.00$150.00
MI / mo$208.65$208.65$71.98
HOA / mo$0.00$0.00$0.00
Total monthly$2,030.07$2,732.46$3,064.26
Cash to close$145,348$39,990$39,990