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$219,103$219,103$540,000
Remaining term (yrs)24.224.230.0
Secondary amount$0$320,897$0
Funding fee$0$0$0
Note rate2.710%2.710%7.400%
Blended rate3.560%6.050%7.640%
1st payment$1,025.57$1,025.57$3,738.85
2nd payment$0.00$2,072.46$0.00
Taxes / mo$500.00$500.00$500.00
Insurance / mo$166.67$166.67$166.67
MI / mo$178.87$178.87$108.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,871.11$3,943.57$4,513.52
Cash to close$380,897$60,000$60,000