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$481,084$481,084$553,500
Remaining term (yrs)24.724.730.0
Secondary amount$0$72,416$0
Funding fee$0$0$0
Note rate2.960%2.960%7.400%
Blended rate3.810%4.489%7.640%
1st payment$2,281.66$2,281.66$3,832.32
2nd payment$0.00$543.12$0.00
Taxes / mo$233.50$233.50$233.50
Insurance / mo$166.67$166.67$166.67
MI / mo$385.31$385.31$110.70
HOA / mo$0.00$0.00$0.00
Total monthly$3,067.14$3,610.26$4,343.19
Cash to close$133,916$61,500$61,500