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$346,470$346,470$1,795,500
Remaining term (yrs)24.224.230.0
Secondary amount$0$1,449,030$0
Funding fee$0$0$0
Note rate2.770%2.770%7.400%
Blended rate3.620%6.953%7.640%
1st payment$1,632.33$1,632.33$12,431.68
2nd payment$0.00$9,358.32$0.00
Taxes / mo$657.42$657.42$657.42
Insurance / mo$216.67$216.67$216.67
MI / mo$282.49$282.49$359.10
HOA / mo$0.00$0.00$0.00
Total monthly$2,788.90$12,147.22$13,664.86
Cash to close$1,648,530$199,500$199,500