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$320,433$320,433$675,000
Remaining term (yrs)24.924.930.0
Secondary amount$0$354,567$0
Funding fee$0$0$0
Note rate2.880%2.880%7.400%
Blended rate3.730%5.842%7.640%
1st payment$1,499.61$1,499.61$4,673.56
2nd payment$0.00$2,289.91$0.00
Taxes / mo$625.00$625.00$625.00
Insurance / mo$216.67$216.67$216.67
MI / mo$255.86$255.86$135.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,597.13$4,887.04$5,650.23
Cash to close$429,567$75,000$75,000