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$378,096$378,096$562,500
Remaining term (yrs)23.723.730.0
Secondary amount$0$184,404$0
Funding fee$0$0$0
Note rate3.240%3.240%7.400%
Blended rate4.090%5.372%7.640%
1st payment$1,899.19$1,899.19$3,894.64
2nd payment$0.00$1,229.36$0.00
Taxes / mo$520.83$520.83$520.83
Insurance / mo$166.67$166.67$166.67
MI / mo$309.50$309.50$112.50
HOA / mo$48.00$48.00$48.00
Total monthly$2,944.19$4,173.55$4,742.64
Cash to close$246,904$62,500$62,500