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$277,636$277,636$629,100
Remaining term (yrs)19.319.330.0
Secondary amount$0$351,464$0
Funding fee$0$0$0
Note rate3.760%3.760%7.320%
Blended rate4.610%6.364%7.560%
1st payment$1,680.78$1,680.78$4,321.48
2nd payment$0.00$2,269.87$0.00
Taxes / mo$582.50$582.50$582.50
Insurance / mo$166.67$166.67$166.67
MI / mo$256.76$256.76$125.82
HOA / mo$0.00$0.00$0.00
Total monthly$2,686.70$4,956.58$5,196.47
Cash to close$421,364$69,900$69,900