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$275,477$275,477$364,500
Remaining term (yrs)25.425.430.0
Secondary amount$0$89,023$0
Funding fee$0$0$0
Note rate3.850%3.850%7.400%
Blended rate4.700%5.750%7.640%
1st payment$1,411.96$1,411.96$2,523.72
2nd payment$0.00$667.67$0.00
Taxes / mo$140.83$140.83$140.83
Insurance / mo$150.00$150.00$150.00
MI / mo$213.34$213.34$72.90
HOA / mo$0.00$0.00$0.00
Total monthly$1,916.13$2,583.80$2,887.46
Cash to close$129,523$40,500$40,500