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$319,322$319,322$441,000
Remaining term (yrs)23.923.930.0
Secondary amount$0$121,678$0
Funding fee$0$0$0
Note rate3.020%3.020%7.400%
Blended rate3.870%5.010%7.640%
1st payment$1,556.35$1,556.35$3,053.39
2nd payment$0.00$811.18$0.00
Taxes / mo$218.58$218.58$218.58
Insurance / mo$166.67$166.67$166.67
MI / mo$260.81$260.81$88.20
HOA / mo$12.50$12.50$12.50
Total monthly$2,214.91$3,026.10$3,539.34
Cash to close$170,678$49,000$49,000