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$285,223$285,223$472,500
Remaining term (yrs)23.823.830.0
Secondary amount$0$187,277$0
Funding fee$0$0$0
Note rate3.230%3.230%7.240%
Blended rate4.080%5.634%7.480%
1st payment$1,427.88$1,427.88$3,220.08
2nd payment$0.00$1,248.51$0.00
Taxes / mo$216.75$216.75$216.75
Insurance / mo$166.67$166.67$166.67
MI / mo$232.99$232.99$94.50
HOA / mo$28.00$28.00$28.00
Total monthly$2,072.28$3,320.80$3,726.00
Cash to close$239,777$52,500$52,500