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$413,173$413,173$531,000
Remaining term (yrs)25.025.030.0
Secondary amount$0$117,827$0
Funding fee$0$0$0
Note rate2.840%2.840%7.320%
Blended rate3.690%4.646%7.560%
1st payment$1,916.35$1,916.35$3,647.60
2nd payment$0.00$785.51$0.00
Taxes / mo$328.17$328.17$328.17
Insurance / mo$166.67$166.67$166.67
MI / mo$328.65$328.65$106.20
HOA / mo$57.00$57.00$57.00
Total monthly$2,796.83$3,582.34$4,305.63
Cash to close$176,827$59,000$59,000