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$307,506$307,506$1,349,999
Remaining term (yrs)14.114.130.0
Secondary amount$0$1,042,493$0
Funding fee$0$0$0
Note rate4.370%4.370%7.320%
Blended rate5.220%7.174%7.560%
1st payment$2,419.11$2,419.11$9,273.56
2nd payment$0.00$6,732.77$0.00
Taxes / mo$1,250.00$1,250.00$1,250.00
Insurance / mo$216.67$216.67$216.67
MI / mo$343.40$343.40$270.00
HOA / mo$0.00$0.00$0.00
Total monthly$4,229.17$10,961.94$11,010.22
Cash to close$1,192,493$150,000$150,000