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$543,295$543,295$584,100
Remaining term (yrs)25.325.330.0
Secondary amount$0$40,805$0
Funding fee$0$0$0
Note rate3.050%3.050%7.400%
Blended rate3.900%4.256%7.640%
1st payment$2,562.21$2,562.21$4,044.19
2nd payment$0.00$306.04$0.00
Taxes / mo$540.83$540.83$540.83
Insurance / mo$166.67$166.67$166.67
MI / mo$427.73$427.73$116.82
HOA / mo$320.00$320.00$320.00
Total monthly$4,017.44$4,323.48$5,188.51
Cash to close$105,705$64,900$64,900