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$32,946$32,946$495,000
Remaining term (yrs)21.921.930.0
Secondary amount$0$462,054$0
Funding fee$0$0$0
Note rate5.300%5.300%7.400%
Blended rate6.150%7.644%7.640%
1st payment$211.63$211.63$3,427.28
2nd payment$0.00$2,984.10$0.00
Taxes / mo$266.42$266.42$266.42
Insurance / mo$166.67$166.67$166.67
MI / mo$25.36$25.36$99.00
HOA / mo$0.00$0.00$0.00
Total monthly$670.07$3,654.17$3,959.36
Cash to close$517,054$55,000$55,000