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$398,139$398,139$418,500
Remaining term (yrs)26.226.230.0
Secondary amount$0$43,611$0
Funding fee$0$0$0
Note rate5.510%5.510%7.400%
Blended rate6.360%6.904%7.640%
1st payment$2,390.08$2,390.08$2,897.61
2nd payment$0.00$431.57$0.00
Taxes / mo$387.50$387.50$387.50
Insurance / mo$166.67$166.67$166.67
MI / mo$297.84$297.84$83.70
HOA / mo$468.00$468.00$468.00
Total monthly$3,710.09$4,141.66$4,003.48
Cash to close$66,861$23,250$46,500