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$457,163$457,163$476,550
Remaining term (yrs)24.824.830.0
Secondary amount$0$45,862$0
Funding fee$0$0$0
Note rate2.960%2.960%7.400%
Blended rate3.810%4.545%7.640%
1st payment$2,163.30$2,163.30$3,299.54
2nd payment$0.00$453.85$0.00
Taxes / mo$613.92$613.92$613.92
Insurance / mo$166.67$166.67$166.67
MI / mo$365.32$365.32$95.31
HOA / mo$100.00$100.00$100.00
Total monthly$3,409.20$3,863.04$4,275.43
Cash to close$72,337$26,475$52,950