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$319,045$319,045$494,100
Remaining term (yrs)23.923.930.0
Secondary amount$0$175,055$0
Funding fee$0$0$0
Note rate2.980%2.980%7.320%
Blended rate3.830%5.307%7.560%
1st payment$1,548.41$1,548.41$3,394.12
2nd payment$0.00$1,167.03$0.00
Taxes / mo$457.50$457.50$457.50
Insurance / mo$166.67$166.67$166.67
MI / mo$260.81$260.81$98.82
HOA / mo$0.00$0.00$0.00
Total monthly$2,433.39$3,600.42$4,117.11
Cash to close$229,955$54,900$54,900