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$345,191$345,191$575,010
Remaining term (yrs)23.123.130.0
Secondary amount$0$229,819$0
Funding fee$0$0$0
Note rate3.690%3.690%7.400%
Blended rate4.540%5.823%7.640%
1st payment$1,844.74$1,844.74$3,981.25
2nd payment$0.00$1,484.25$0.00
Taxes / mo$199.33$199.33$199.33
Insurance / mo$166.67$166.67$166.67
MI / mo$284.24$284.24$115.00
HOA / mo$41.67$41.67$41.67
Total monthly$2,536.64$4,020.89$4,503.93
Cash to close$293,709$63,890$63,890