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$272,618$272,618$494,910
Remaining term (yrs)23.823.830.0
Secondary amount$0$222,292$0
Funding fee$0$0$0
Note rate3.000%3.000%7.400%
Blended rate3.850%5.602%7.640%
1st payment$1,332.20$1,332.20$3,426.66
2nd payment$0.00$1,435.64$0.00
Taxes / mo$388.00$388.00$388.00
Insurance / mo$166.67$166.67$166.67
MI / mo$223.82$223.82$98.98
HOA / mo$0.00$0.00$0.00
Total monthly$2,110.69$3,546.33$4,080.31
Cash to close$277,282$54,990$54,990