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$4,678$4,678$391,500
Remaining term (yrs)22.622.630.0
Secondary amount$0$386,822$0
Funding fee$0$0$0
Note rate3.000%3.000%7.400%
Blended rate3.850%7.703%7.640%
1st payment$23.66$23.66$2,710.67
2nd payment$0.00$2,498.22$0.00
Taxes / mo$212.17$212.17$212.17
Insurance / mo$150.00$150.00$150.00
MI / mo$3.81$3.81$78.30
HOA / mo$0.00$0.00$0.00
Total monthly$389.64$2,887.86$3,151.13
Cash to close$430,322$43,500$43,500