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$538,157$538,157$697,500
Remaining term (yrs)25.925.930.0
Secondary amount$0$159,343$0
Funding fee$0$0$0
Note rate5.540%5.540%7.400%
Blended rate6.390%6.758%7.640%
1st payment$3,258.86$3,258.86$4,829.35
2nd payment$0.00$1,062.29$0.00
Taxes / mo$645.83$645.83$645.83
Insurance / mo$216.67$216.67$216.67
MI / mo$404.76$404.76$139.50
HOA / mo$0.00$0.00$0.00
Total monthly$4,526.12$5,588.41$5,831.35
Cash to close$236,843$77,500$77,500