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$276,920$276,920$486,000
Remaining term (yrs)15.815.830.0
Secondary amount$0$209,080$0
Funding fee$0$0$0
Note rate5.810%5.810%7.400%
Blended rate6.660%7.129%7.640%
1st payment$2,225.36$2,225.36$3,364.97
2nd payment$0.00$1,350.31$0.00
Taxes / mo$386.92$386.92$386.92
Insurance / mo$166.67$166.67$166.67
MI / mo$223.43$223.43$97.20
HOA / mo$230.00$230.00$230.00
Total monthly$3,232.37$4,582.68$4,245.75
Cash to close$263,080$54,000$54,000