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$429,922$429,922$620,100
Remaining term (yrs)24.424.430.0
Secondary amount$0$190,178$0
Funding fee$0$0$0
Note rate2.810%2.810%7.320%
Blended rate3.660%4.991%7.560%
1st payment$2,019.87$2,019.87$4,259.66
2nd payment$0.00$1,267.85$0.00
Taxes / mo$574.17$574.17$574.17
Insurance / mo$166.67$166.67$166.67
MI / mo$347.75$347.75$124.02
HOA / mo$0.00$0.00$0.00
Total monthly$3,108.45$4,376.30$5,124.51
Cash to close$259,078$68,900$68,900