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$498,915$498,915$1,799,186
Remaining term (yrs)24.524.530.0
Secondary amount$0$1,300,271$0
Funding fee$0$0$0
Note rate3.090%3.090%7.400%
Blended rate3.940%6.693%7.640%
1st payment$2,410.76$2,410.76$12,457.20
2nd payment$0.00$8,397.58$0.00
Taxes / mo$1,665.91$1,665.91$1,665.91
Insurance / mo$216.67$216.67$216.67
MI / mo$400.41$400.41$359.84
HOA / mo$0.00$0.00$0.00
Total monthly$4,693.75$13,091.33$14,699.61
Cash to close$1,500,180$199,910$199,910