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$390,456$390,456$431,100
Remaining term (yrs)25.925.930.0
Secondary amount$0$40,644$0
Funding fee$0$0$0
Note rate5.520%5.520%7.400%
Blended rate6.370%6.618%7.640%
1st payment$2,359.72$2,359.72$2,984.85
2nd payment$0.00$304.83$0.00
Taxes / mo$399.17$399.17$399.17
Insurance / mo$166.67$166.67$166.67
MI / mo$293.73$293.73$86.22
HOA / mo$0.00$0.00$0.00
Total monthly$3,219.29$3,524.12$3,636.90
Cash to close$88,544$47,900$47,900