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$535,663$535,663$629,996
Remaining term (yrs)24.624.630.0
Secondary amount$0$94,332$0
Funding fee$0$0$0
Note rate2.940%2.940%7.240%
Blended rate3.790%4.570%7.480%
1st payment$2,540.77$2,540.77$4,293.41
2nd payment$0.00$707.49$0.00
Taxes / mo$330.25$330.25$330.25
Insurance / mo$166.67$166.67$166.67
MI / mo$430.17$430.17$126.00
HOA / mo$0.00$0.00$0.00
Total monthly$3,467.85$4,175.34$4,916.32
Cash to close$164,332$70,000$70,000