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$177,405$177,405$567,000
Remaining term (yrs)13.113.130.0
Secondary amount$0$389,595$0
Funding fee$0$0$0
Note rate5.000%5.000%7.400%
Blended rate5.850%7.156%7.640%
1st payment$1,528.11$1,528.11$3,925.79
2nd payment$0.00$2,516.13$0.00
Taxes / mo$525.00$525.00$525.00
Insurance / mo$166.67$166.67$166.67
MI / mo$201.63$201.63$113.40
HOA / mo$245.00$245.00$245.00
Total monthly$2,666.41$5,182.54$4,975.86
Cash to close$452,595$63,000$63,000