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$450,160$450,160$535,500
Remaining term (yrs)24.624.630.0
Secondary amount$0$85,340$0
Funding fee$0$0$0
Note rate2.960%2.960%7.320%
Blended rate3.810%4.637%7.560%
1st payment$2,139.87$2,139.87$3,678.51
2nd payment$0.00$640.05$0.00
Taxes / mo$719.20$719.20$719.20
Insurance / mo$166.67$166.67$166.67
MI / mo$361.36$361.36$107.10
HOA / mo$0.00$0.00$0.00
Total monthly$3,387.10$4,027.15$4,671.49
Cash to close$144,840$59,500$59,500