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$261,579$261,579$508,500
Remaining term (yrs)22.922.930.0
Secondary amount$0$246,921$0
Funding fee$0$0$0
Note rate3.810%3.810%7.320%
Blended rate4.660%6.160%7.560%
1st payment$1,424.31$1,424.31$3,493.04
2nd payment$0.00$1,594.70$0.00
Taxes / mo$470.83$470.83$470.83
Insurance / mo$166.67$166.67$166.67
MI / mo$216.25$216.25$101.70
HOA / mo$0.00$0.00$0.00
Total monthly$2,278.06$3,872.76$4,232.24
Cash to close$303,421$56,500$56,500