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$500,446$500,446$517,500
Remaining term (yrs)25.225.230.0
Secondary amount$0$45,804$0
Funding fee$0$0$0
Note rate2.880%2.880%7.400%
Blended rate3.730%4.413%7.640%
1st payment$2,321.01$2,321.01$3,583.07
2nd payment$0.00$453.27$0.00
Taxes / mo$479.17$479.17$479.17
Insurance / mo$166.67$166.67$166.67
MI / mo$396.00$396.00$103.50
HOA / mo$0.00$0.00$0.00
Total monthly$3,362.85$3,816.12$4,332.40
Cash to close$74,554$28,750$57,500