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$428,010$428,010$539,910
Remaining term (yrs)24.524.530.0
Secondary amount$0$111,900$0
Funding fee$0$0$0
Note rate3.020%3.020%7.400%
Blended rate3.870%4.726%7.640%
1st payment$2,052.56$2,052.56$3,738.23
2nd payment$0.00$746.00$0.00
Taxes / mo$499.92$499.92$499.92
Insurance / mo$166.67$166.67$166.67
MI / mo$343.97$343.97$107.98
HOA / mo$0.00$0.00$0.00
Total monthly$3,063.11$3,809.10$4,512.79
Cash to close$171,890$59,990$59,990