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$356,791$356,791$499,399
Remaining term (yrs)25.125.130.0
Secondary amount$0$142,608$0
Funding fee$0$0$0
Note rate2.860%2.860%7.320%
Blended rate3.710%4.935%7.560%
1st payment$1,654.78$1,654.78$3,430.53
2nd payment$0.00$950.72$0.00
Taxes / mo$462.41$462.41$462.41
Insurance / mo$166.67$166.67$166.67
MI / mo$283.06$283.06$99.88
HOA / mo$234.00$234.00$234.00
Total monthly$2,800.92$3,751.64$4,393.48
Cash to close$198,097$55,489$55,489