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$310,409$310,409$510,300
Remaining term (yrs)23.523.530.0
Secondary amount$0$199,891$0
Funding fee$0$0$0
Note rate3.490%3.490%7.400%
Blended rate4.340%5.774%7.640%
1st payment$1,607.32$1,607.32$3,533.21
2nd payment$0.00$1,332.60$0.00
Taxes / mo$472.50$472.50$472.50
Insurance / mo$166.67$166.67$166.67
MI / mo$253.86$253.86$102.06
HOA / mo$0.00$0.00$0.00
Total monthly$2,500.35$3,832.95$4,274.44
Cash to close$256,591$56,700$56,700