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$308,730$308,730$673,650
Remaining term (yrs)19.319.330.0
Secondary amount$0$364,920$0
Funding fee$0$0$0
Note rate3.970%3.970%7.400%
Blended rate4.820%6.407%7.640%
1st payment$1,902.77$1,902.77$4,664.22
2nd payment$0.00$2,356.77$0.00
Taxes / mo$623.75$623.75$623.75
Insurance / mo$216.67$216.67$216.67
MI / mo$283.34$283.34$134.73
HOA / mo$0.00$0.00$0.00
Total monthly$3,026.52$5,383.30$5,639.36
Cash to close$439,770$74,850$74,850