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$280,723$280,723$1,286,910
Remaining term (yrs)15.315.330.0
Secondary amount$0$1,006,187$0
Funding fee$0$0$0
Note rate3.940%3.940%7.400%
Blended rate4.790%7.104%7.640%
1st payment$2,027.06$2,027.06$8,910.30
2nd payment$0.00$6,498.29$0.00
Taxes / mo$370.75$370.75$370.75
Insurance / mo$216.67$216.67$216.67
MI / mo$302.94$302.94$257.38
HOA / mo$0.00$0.00$0.00
Total monthly$2,917.42$9,415.71$9,755.10
Cash to close$1,149,177$142,990$142,990