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$317,462$317,462$449,100
Remaining term (yrs)24.024.030.0
Secondary amount$0$131,638$0
Funding fee$0$0$0
Note rate2.800%2.800%7.400%
Blended rate3.650%4.925%7.640%
1st payment$1,507.75$1,507.75$3,109.48
2nd payment$0.00$877.59$0.00
Taxes / mo$415.83$415.83$415.83
Insurance / mo$166.67$166.67$166.67
MI / mo$259.92$259.92$89.82
HOA / mo$230.00$230.00$230.00
Total monthly$2,580.17$3,457.76$4,011.80
Cash to close$181,538$49,900$49,900