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$310,414$310,414$526,500
Remaining term (yrs)23.923.930.0
Secondary amount$0$216,086$0
Funding fee$0$0$0
Note rate3.070%3.070%7.400%
Blended rate3.920%5.492%7.640%
1st payment$1,524.54$1,524.54$3,645.38
2nd payment$0.00$1,395.55$0.00
Taxes / mo$487.50$487.50$487.50
Insurance / mo$166.67$166.67$166.67
MI / mo$253.86$253.86$105.30
HOA / mo$205.00$205.00$205.00
Total monthly$2,637.57$4,033.12$4,609.85
Cash to close$274,586$58,500$58,500