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$308,373$308,373$504,000
Remaining term (yrs)21.221.230.0
Secondary amount$0$195,627$0
Funding fee$0$0$0
Note rate3.910%3.910%7.400%
Blended rate4.760%6.018%7.640%
1st payment$1,777.87$1,777.87$3,489.59
2nd payment$0.00$1,304.18$0.00
Taxes / mo$466.67$466.67$466.67
Insurance / mo$166.67$166.67$166.67
MI / mo$266.67$266.67$100.80
HOA / mo$0.00$0.00$0.00
Total monthly$2,677.87$3,982.05$4,223.73
Cash to close$251,627$56,000$56,000