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$448,105$448,105$706,500
Remaining term (yrs)29.429.430.0
Secondary amount$0$258,395$0
Funding fee$0$0$0
Note rate5.980%5.980%7.320%
Blended rate6.530%6.976%7.560%
1st payment$2,694.46$2,694.46$4,853.16
2nd payment$0.00$1,668.80$0.00
Taxes / mo$797.67$797.67$797.67
Insurance / mo$216.67$216.67$216.67
MI / mo$206.42$206.42$141.30
HOA / mo$300.00$300.00$300.00
Total monthly$4,215.21$5,884.01$6,308.80
Cash to close$336,895$78,500$78,500