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$264,380$264,380$612,000
Remaining term (yrs)19.919.930.0
Secondary amount$0$347,620$0
Funding fee$0$0$0
Note rate3.440%3.440%7.400%
Blended rate4.290%6.255%7.640%
1st payment$1,520.76$1,520.76$4,237.36
2nd payment$0.00$2,245.05$0.00
Taxes / mo$566.67$566.67$566.67
Insurance / mo$166.67$166.67$166.67
MI / mo$241.69$241.69$122.40
HOA / mo$150.00$150.00$150.00
Total monthly$2,645.78$4,890.82$5,243.10
Cash to close$415,620$68,000$68,000