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$380,989$380,989$436,500
Remaining term (yrs)23.423.430.0
Secondary amount$0$55,511$0
Funding fee$0$0$0
Note rate3.510%3.510%7.400%
Blended rate4.360%4.950%7.640%
1st payment$1,981.32$1,981.32$3,022.24
2nd payment$0.00$416.33$0.00
Taxes / mo$404.17$404.17$404.17
Insurance / mo$166.67$166.67$166.67
MI / mo$312.15$312.15$87.30
HOA / mo$0.00$0.00$0.00
Total monthly$2,864.30$3,280.63$3,680.37
Cash to close$104,011$48,500$48,500