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$262,068$262,068$508,500
Remaining term (yrs)22.422.430.0
Secondary amount$0$246,432$0
Funding fee$0$0$0
Note rate4.460%4.460%7.400%
Blended rate5.310%6.492%7.640%
1st payment$1,539.41$1,539.41$3,520.75
2nd payment$0.00$1,591.54$0.00
Taxes / mo$470.83$470.83$470.83
Insurance / mo$166.67$166.67$166.67
MI / mo$216.22$216.22$101.70
HOA / mo$0.00$0.00$0.00
Total monthly$2,393.13$3,984.67$4,259.95
Cash to close$302,932$56,500$56,500