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$456,039$456,039$540,000
Remaining term (yrs)25.425.430.0
Secondary amount$0$83,961$0
Funding fee$0$0$0
Note rate5.000%5.000%7.320%
Blended rate5.850%6.340%7.560%
1st payment$2,635.49$2,635.49$3,709.43
2nd payment$0.00$629.71$0.00
Taxes / mo$500.00$500.00$500.00
Insurance / mo$166.67$166.67$166.67
MI / mo$347.75$347.75$108.00
HOA / mo$0.00$0.00$0.00
Total monthly$3,649.91$4,279.62$4,484.09
Cash to close$143,961$60,000$60,000