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$29,276$29,276$287,910
Remaining term (yrs)3.13.130.0
Secondary amount$0$258,634$0
Funding fee$0$0$0
Note rate3.200%3.200%7.400%
Blended rate4.050%7.374%7.640%
1st payment$791.37$791.37$1,993.43
2nd payment$0.00$1,670.35$0.00
Taxes / mo$152.58$152.58$152.58
Insurance / mo$150.00$150.00$150.00
MI / mo$84.15$84.15$57.58
HOA / mo$135.00$135.00$135.00
Total monthly$1,313.10$2,983.44$2,488.60
Cash to close$290,624$31,990$31,990