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$338,819$338,819$719,999
Remaining term (yrs)24.424.430.0
Secondary amount$0$381,181$0
Funding fee$0$0$0
Note rate2.650%2.650%7.400%
Blended rate3.500%5.750%7.640%
1st payment$1,564.21$1,564.21$4,985.13
2nd payment$0.00$2,461.79$0.00
Taxes / mo$666.67$666.67$666.67
Insurance / mo$216.67$216.67$216.67
MI / mo$274.96$274.96$144.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,722.50$5,184.29$6,012.46
Cash to close$461,180$80,000$80,000