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$458,936$458,936$476,100
Remaining term (yrs)25.225.230.0
Secondary amount$0$43,614$0
Funding fee$0$0$0
Note rate3.070%3.070%7.400%
Blended rate3.920%4.610%7.640%
1st payment$2,173.89$2,173.89$3,296.42
2nd payment$0.00$431.60$0.00
Taxes / mo$299.75$299.75$299.75
Insurance / mo$166.67$166.67$166.67
MI / mo$361.98$361.98$95.22
HOA / mo$65.00$65.00$65.00
Total monthly$3,067.29$3,498.89$3,923.06
Cash to close$70,064$26,450$52,900