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$461,445$461,445$540,000
Remaining term (yrs)24.524.530.0
Secondary amount$0$78,555$0
Funding fee$0$0$0
Note rate2.730%2.730%7.320%
Blended rate3.580%4.368%7.560%
1st payment$2,144.01$2,144.01$3,709.43
2nd payment$0.00$589.16$0.00
Taxes / mo$500.00$500.00$500.00
Insurance / mo$166.67$166.67$166.67
MI / mo$372.97$372.97$108.00
HOA / mo$0.00$0.00$0.00
Total monthly$3,183.65$3,772.81$4,484.09
Cash to close$138,555$60,000$60,000