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$533,847$533,847$540,000
Remaining term (yrs)25.625.630.0
Secondary amount$0$36,153$0
Funding fee$0$0$0
Note rate5.100%5.100%7.400%
Blended rate5.950%6.326%7.640%
1st payment$3,106.71$3,106.71$3,738.85
2nd payment$0.00$357.77$0.00
Taxes / mo$500.00$500.00$500.00
Insurance / mo$166.67$166.67$166.67
MI / mo$405.30$405.30$108.00
HOA / mo$0.00$0.00$0.00
Total monthly$4,178.68$4,536.44$4,513.52
Cash to close$66,153$30,000$60,000