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$344,421$344,421$449,100
Remaining term (yrs)25.225.230.0
Secondary amount$0$104,679$0
Funding fee$0$0$0
Note rate2.880%2.880%7.400%
Blended rate3.730%4.725%7.640%
1st payment$1,597.39$1,597.39$3,109.48
2nd payment$0.00$697.86$0.00
Taxes / mo$286.50$286.50$286.50
Insurance / mo$166.67$166.67$166.67
MI / mo$272.54$272.54$89.82
HOA / mo$41.67$41.67$41.67
Total monthly$2,364.76$3,062.63$3,694.13
Cash to close$154,579$49,900$49,900