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$496,346$496,346$664,200
Remaining term (yrs)25.125.130.0
Secondary amount$0$167,854$0
Funding fee$0$0$0
Note rate3.110%3.110%7.400%
Blended rate3.960%4.981%7.640%
1st payment$2,366.63$2,366.63$4,598.79
2nd payment$0.00$1,119.03$0.00
Taxes / mo$615.00$615.00$615.00
Insurance / mo$216.67$216.67$216.67
MI / mo$392.08$392.08$132.84
HOA / mo$0.00$0.00$0.00
Total monthly$3,590.37$4,709.40$5,563.29
Cash to close$241,654$73,800$73,800