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$445,970$445,970$611,550
Remaining term (yrs)23.723.730.0
Secondary amount$0$165,580$0
Funding fee$0$0$0
Note rate3.230%3.230%7.320%
Blended rate4.080%5.141%7.560%
1st payment$2,237.79$2,237.79$4,200.92
2nd payment$0.00$1,103.87$0.00
Taxes / mo$566.25$566.25$566.25
Insurance / mo$166.67$166.67$166.67
MI / mo$365.14$365.14$122.31
HOA / mo$445.00$445.00$445.00
Total monthly$3,780.85$4,884.71$5,501.15
Cash to close$233,530$67,950$67,950