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$440,458$440,458$485,820
Remaining term (yrs)25.125.130.0
Secondary amount$0$45,362$0
Funding fee$0$0$0
Note rate3.140%3.140%7.400%
Blended rate3.990%4.458%7.640%
1st payment$2,107.09$2,107.09$3,363.72
2nd payment$0.00$340.22$0.00
Taxes / mo$263.33$263.33$263.33
Insurance / mo$166.67$166.67$166.67
MI / mo$347.75$347.75$97.16
HOA / mo$83.00$83.00$83.00
Total monthly$2,967.84$3,308.06$3,973.88
Cash to close$99,342$53,980$53,980