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$339,639$339,639$360,000
Remaining term (yrs)24.424.430.0
Secondary amount$0$40,361$0
Funding fee$0$0$0
Note rate2.810%2.810%7.400%
Blended rate3.660%4.533%7.640%
1st payment$1,595.70$1,595.70$2,492.57
2nd payment$0.00$399.41$0.00
Taxes / mo$238.92$238.92$238.92
Insurance / mo$150.00$150.00$150.00
MI / mo$274.72$274.72$72.00
HOA / mo$170.00$170.00$170.00
Total monthly$2,429.34$2,828.75$3,123.48
Cash to close$60,361$20,000$40,000