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$362,117$362,117$625,500
Remaining term (yrs)24.824.830.0
Secondary amount$0$263,383$0
Funding fee$0$0$0
Note rate2.930%2.930%7.320%
Blended rate3.780%5.452%7.560%
1st payment$1,707.91$1,707.91$4,296.75
2nd payment$0.00$1,701.01$0.00
Taxes / mo$579.17$579.17$579.17
Insurance / mo$166.67$166.67$166.67
MI / mo$289.53$289.53$125.10
HOA / mo$370.00$370.00$370.00
Total monthly$3,113.28$4,814.29$5,537.68
Cash to close$332,883$69,500$69,500