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$338,574$338,574$499,500
Remaining term (yrs)24.924.930.0
Secondary amount$0$160,926$0
Funding fee$0$0$0
Note rate2.770%2.770%7.400%
Blended rate3.620%5.031%7.640%
1st payment$1,561.74$1,561.74$3,458.44
2nd payment$0.00$1,072.84$0.00
Taxes / mo$175.92$175.92$175.92
Insurance / mo$166.67$166.67$166.67
MI / mo$270.27$270.27$99.90
HOA / mo$0.00$0.00$0.00
Total monthly$2,174.59$3,247.44$3,900.92
Cash to close$216,426$55,500$55,500