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$293,164$293,164$629,100
Remaining term (yrs)24.724.730.0
Secondary amount$0$335,936$0
Funding fee$0$0$0
Note rate2.960%2.960%7.240%
Blended rate3.810%5.914%7.480%
1st payment$1,390.40$1,390.40$4,287.30
2nd payment$0.00$2,169.59$0.00
Taxes / mo$483.67$483.67$483.67
Insurance / mo$166.67$166.67$166.67
MI / mo$234.80$234.80$125.82
HOA / mo$160.00$160.00$160.00
Total monthly$2,435.53$4,605.12$5,223.46
Cash to close$405,836$69,900$69,900