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$331,571$331,571$585,000
Remaining term (yrs)22.522.530.0
Secondary amount$0$253,429$0
Funding fee$0$0$0
Note rate4.270%4.270%7.400%
Blended rate5.120%6.259%7.640%
1st payment$1,904.64$1,904.64$4,050.42
2nd payment$0.00$1,636.73$0.00
Taxes / mo$541.67$541.67$541.67
Insurance / mo$166.67$166.67$166.67
MI / mo$273.59$273.59$117.00
HOA / mo$650.00$650.00$650.00
Total monthly$3,536.57$5,173.30$5,525.76
Cash to close$318,429$65,000$65,000