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$305,520$305,520$629,100
Remaining term (yrs)24.324.330.0
Secondary amount$0$323,580$0
Funding fee$0$0$0
Note rate2.660%2.660%7.320%
Blended rate3.510%5.691%7.560%
1st payment$1,418.86$1,418.86$4,321.48
2nd payment$0.00$2,089.79$0.00
Taxes / mo$696.58$696.58$696.58
Insurance / mo$166.67$166.67$166.67
MI / mo$249.08$249.08$125.82
HOA / mo$173.00$173.00$173.00
Total monthly$2,704.20$4,793.98$5,483.55
Cash to close$393,480$69,900$69,900