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$406,586$406,586$450,000
Remaining term (yrs)25.825.830.0
Secondary amount$0$43,414$0
Funding fee$0$0$0
Note rate5.520%5.520%7.400%
Blended rate6.370%6.624%7.640%
1st payment$2,460.76$2,460.76$3,115.71
2nd payment$0.00$325.60$0.00
Taxes / mo$158.83$158.83$158.83
Insurance / mo$166.67$166.67$166.67
MI / mo$306.31$306.31$90.00
HOA / mo$0.00$0.00$0.00
Total monthly$3,092.57$3,418.17$3,531.21
Cash to close$93,414$50,000$50,000