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$424,516$424,516$697,410
Remaining term (yrs)21.321.330.0
Secondary amount$0$272,894$0
Funding fee$0$0$0
Note rate4.010%4.010%7.400%
Blended rate4.860%5.991%7.640%
1st payment$2,464.00$2,464.00$4,828.73
2nd payment$0.00$1,762.44$0.00
Taxes / mo$645.75$645.75$645.75
Insurance / mo$216.67$216.67$216.67
MI / mo$365.14$365.14$139.48
HOA / mo$0.00$0.00$0.00
Total monthly$3,691.56$5,454.00$5,830.62
Cash to close$350,384$77,490$77,490