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$478,982$478,982$494,910
Remaining term (yrs)24.924.930.0
Secondary amount$0$43,423$0
Funding fee$0$0$0
Note rate2.870%2.870%7.400%
Blended rate3.720%4.398%7.640%
1st payment$2,239.13$2,239.13$3,426.66
2nd payment$0.00$429.70$0.00
Taxes / mo$458.25$458.25$458.25
Insurance / mo$166.67$166.67$166.67
MI / mo$382.53$382.53$98.98
HOA / mo$428.00$428.00$428.00
Total monthly$3,674.58$4,104.28$4,578.56
Cash to close$70,918$27,495$54,990