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$335,096$335,096$594,000
Remaining term (yrs)24.424.430.0
Secondary amount$0$258,904$0
Funding fee$0$0$0
Note rate2.730%2.730%7.320%
Blended rate3.580%5.398%7.560%
1st payment$1,560.65$1,560.65$4,080.37
2nd payment$0.00$1,672.09$0.00
Taxes / mo$550.00$550.00$550.00
Insurance / mo$166.67$166.67$166.67
MI / mo$271.49$271.49$118.80
HOA / mo$0.00$0.00$0.00
Total monthly$2,548.81$4,220.90$4,915.83
Cash to close$324,904$66,000$66,000