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$174,702$174,702$677,700
Remaining term (yrs)13.113.130.0
Secondary amount$0$502,998$0
Funding fee$0$0$0
Note rate5.000%5.000%7.400%
Blended rate5.850%7.260%7.640%
1st payment$1,504.82$1,504.82$4,692.26
2nd payment$0.00$3,248.53$0.00
Taxes / mo$249.33$249.33$249.33
Insurance / mo$216.67$216.67$216.67
MI / mo$198.56$198.56$135.54
HOA / mo$0.00$0.00$0.00
Total monthly$2,169.38$5,417.91$5,293.80
Cash to close$578,298$75,300$75,300