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$252,685$252,685$517,500
Remaining term (yrs)20.120.130.0
Secondary amount$0$264,815$0
Funding fee$0$0$0
Note rate3.460%3.460%7.400%
Blended rate4.310%6.070%7.640%
1st payment$1,447.78$1,447.78$3,583.07
2nd payment$0.00$1,710.26$0.00
Taxes / mo$479.17$479.17$479.17
Insurance / mo$166.67$166.67$166.67
MI / mo$229.52$229.52$103.50
HOA / mo$121.00$121.00$121.00
Total monthly$2,444.13$4,154.39$4,453.40
Cash to close$322,315$57,500$57,500