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$286,320$286,320$517,500
Remaining term (yrs)22.422.430.0
Secondary amount$0$231,180$0
Funding fee$0$0$0
Note rate4.450%4.450%7.400%
Blended rate5.300%6.394%7.640%
1st payment$1,676.67$1,676.67$3,583.07
2nd payment$0.00$1,493.04$0.00
Taxes / mo$479.17$479.17$479.17
Insurance / mo$166.67$166.67$166.67
MI / mo$235.78$235.78$103.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,558.28$4,051.32$4,332.40
Cash to close$288,680$57,500$57,500