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$456,865$456,865$539,997
Remaining term (yrs)24.724.730.0
Secondary amount$0$83,132$0
Funding fee$0$0$0
Note rate2.970%2.970%7.400%
Blended rate3.820%4.617%7.640%
1st payment$2,169.17$2,169.17$3,738.83
2nd payment$0.00$623.49$0.00
Taxes / mo$500.00$500.00$500.00
Insurance / mo$166.67$166.67$166.67
MI / mo$365.84$365.84$108.00
HOA / mo$0.00$0.00$0.00
Total monthly$3,201.67$3,825.16$4,513.50
Cash to close$143,132$60,000$60,000