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$250,345$250,345$386,100
Remaining term (yrs)22.822.830.0
Secondary amount$0$135,755$0
Funding fee$0$0$0
Note rate3.750%3.750%7.240%
Blended rate4.600%5.795%7.480%
1st payment$1,355.09$1,355.09$2,631.26
2nd payment$0.00$905.04$0.00
Taxes / mo$357.50$357.50$357.50
Insurance / mo$150.00$150.00$150.00
MI / mo$207.26$207.26$77.22
HOA / mo$0.00$0.00$0.00
Total monthly$2,069.85$2,974.88$3,215.98
Cash to close$178,655$42,900$42,900