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$255,603$255,603$675,000
Remaining term (yrs)25.125.130.0
Secondary amount$0$419,397$0
Funding fee$0$0$0
Note rate3.140%3.140%7.320%
Blended rate3.990%6.326%7.560%
1st payment$1,222.77$1,222.77$4,636.78
2nd payment$0.00$2,708.61$0.00
Taxes / mo$536.00$536.00$536.00
Insurance / mo$216.67$216.67$216.67
MI / mo$201.80$201.80$135.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,177.24$4,885.85$5,524.45
Cash to close$494,397$75,000$75,000