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$408,290$408,290$418,500
Remaining term (yrs)25.825.830.0
Secondary amount$0$33,460$0
Funding fee$0$0$0
Note rate5.780%5.780%7.320%
Blended rate6.630%7.027%7.560%
1st payment$2,535.54$2,535.54$2,874.80
2nd payment$0.00$331.11$0.00
Taxes / mo$143.67$143.67$143.67
Insurance / mo$166.67$166.67$166.67
MI / mo$306.76$306.76$83.70
HOA / mo$134.00$134.00$134.00
Total monthly$3,286.63$3,617.74$3,402.84
Cash to close$56,710$23,250$46,500