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$397,810$397,810$494,910
Remaining term (yrs)24.924.930.0
Secondary amount$0$97,100$0
Funding fee$0$0$0
Note rate2.870%2.870%7.320%
Blended rate3.720%4.756%7.560%
1st payment$1,855.45$1,855.45$3,399.69
2nd payment$0.00$728.25$0.00
Taxes / mo$401.83$401.83$401.83
Insurance / mo$166.67$166.67$166.67
MI / mo$316.98$316.98$98.98
HOA / mo$55.00$55.00$55.00
Total monthly$2,795.93$3,524.17$4,122.17
Cash to close$152,090$54,990$54,990