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$349,141$349,141$562,500
Remaining term (yrs)23.923.930.0
Secondary amount$0$213,359$0
Funding fee$0$0$0
Note rate3.130%3.130%7.400%
Blended rate3.980%5.410%7.640%
1st payment$1,725.62$1,725.62$3,894.64
2nd payment$0.00$1,377.95$0.00
Taxes / mo$520.83$520.83$520.83
Insurance / mo$166.67$166.67$166.67
MI / mo$285.16$285.16$112.50
HOA / mo$142.00$142.00$142.00
Total monthly$2,840.28$4,218.22$4,836.64
Cash to close$275,859$62,500$62,500