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$314,777$314,777$486,000
Remaining term (yrs)24.724.730.0
Secondary amount$0$171,223$0
Funding fee$0$0$0
Note rate2.990%2.990%7.320%
Blended rate3.840%5.306%7.560%
1st payment$1,497.80$1,497.80$3,338.48
2nd payment$0.00$1,141.49$0.00
Taxes / mo$567.00$567.00$567.00
Insurance / mo$166.67$166.67$166.67
MI / mo$251.97$251.97$97.20
HOA / mo$0.00$0.00$0.00
Total monthly$2,483.44$3,624.93$4,169.35
Cash to close$225,223$54,000$54,000