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$28,539$28,539$414,000
Remaining term (yrs)23.823.830.0
Secondary amount$0$385,461$0
Funding fee$0$0$0
Note rate2.900%2.900%7.400%
Blended rate3.750%7.474%7.640%
1st payment$137.99$137.99$2,866.45
2nd payment$0.00$2,489.44$0.00
Taxes / mo$691.50$691.50$691.50
Insurance / mo$166.67$166.67$166.67
MI / mo$23.48$23.48$82.80
HOA / mo$211.00$211.00$211.00
Total monthly$1,230.64$3,720.08$4,018.42
Cash to close$431,461$46,000$46,000