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$315,622$315,622$436,500
Remaining term (yrs)23.823.830.0
Secondary amount$0$120,878$0
Funding fee$0$0$0
Note rate3.210%3.210%7.320%
Blended rate4.060%5.151%7.560%
1st payment$1,576.76$1,576.76$2,998.45
2nd payment$0.00$805.85$0.00
Taxes / mo$737.58$737.58$737.58
Insurance / mo$166.67$166.67$166.67
MI / mo$257.93$257.93$87.30
HOA / mo$0.00$0.00$0.00
Total monthly$2,738.94$3,544.80$3,990.00
Cash to close$169,378$48,500$48,500