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$312,459$312,459$377,100
Remaining term (yrs)25.125.130.0
Secondary amount$0$64,641$0
Funding fee$0$0$0
Note rate3.090%3.090%7.400%
Blended rate3.940%4.807%7.640%
1st payment$1,486.56$1,486.56$2,610.96
2nd payment$0.00$484.81$0.00
Taxes / mo$518.67$518.67$518.67
Insurance / mo$150.00$150.00$150.00
MI / mo$246.90$246.90$75.42
HOA / mo$9.17$9.17$9.17
Total monthly$2,411.30$2,896.11$3,364.22
Cash to close$106,541$41,900$41,900