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$297,018$297,018$395,910
Remaining term (yrs)24.524.530.0
Secondary amount$0$98,892$0
Funding fee$0$0$0
Note rate3.050%3.050%7.400%
Blended rate3.900%5.174%7.640%
1st payment$1,429.01$1,429.01$2,741.20
2nd payment$0.00$741.69$0.00
Taxes / mo$515.67$515.67$515.67
Insurance / mo$150.00$150.00$150.00
MI / mo$238.56$238.56$79.18
HOA / mo$0.00$0.00$0.00
Total monthly$2,333.23$3,074.92$3,486.05
Cash to close$142,882$43,990$43,990