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$519,784$519,784$827,100
Remaining term (yrs)24.424.430.0
Secondary amount$0$307,316$0
Funding fee$0$0$0
Note rate2.770%2.770%7.400%
Blended rate3.620%5.155%7.640%
1st payment$2,431.42$2,431.42$5,726.67
2nd payment$0.00$1,984.75$0.00
Taxes / mo$765.83$765.83$765.83
Insurance / mo$216.67$216.67$216.67
MI / mo$420.78$420.78$165.42
HOA / mo$0.00$0.00$0.00
Total monthly$3,834.70$5,819.45$6,874.59
Cash to close$399,216$91,900$91,900