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$383,398$383,398$444,600
Remaining term (yrs)24.924.930.0
Secondary amount$0$61,202$0
Funding fee$0$0$0
Note rate2.900%2.900%7.320%
Blended rate3.750%4.473%7.560%
1st payment$1,798.24$1,798.24$3,054.09
2nd payment$0.00$459.01$0.00
Taxes / mo$411.67$411.67$411.67
Insurance / mo$166.67$166.67$166.67
MI / mo$306.02$306.02$88.92
HOA / mo$515.00$515.00$515.00
Total monthly$3,197.59$3,656.61$4,236.35
Cash to close$110,602$49,400$49,400