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$377,886$377,886$477,000
Remaining term (yrs)25.825.830.0
Secondary amount$0$99,114$0
Funding fee$0$0$0
Note rate5.520%5.520%7.400%
Blended rate6.370%6.916%7.640%
1st payment$2,287.06$2,287.06$3,302.65
2nd payment$0.00$743.35$0.00
Taxes / mo$541.56$541.56$541.56
Insurance / mo$166.67$166.67$166.67
MI / mo$284.69$284.69$95.40
HOA / mo$0.00$0.00$0.00
Total monthly$3,279.98$4,023.33$4,106.28
Cash to close$152,114$53,000$53,000