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$398,827$398,827$495,000
Remaining term (yrs)24.924.930.0
Secondary amount$0$96,173$0
Funding fee$0$0$0
Note rate2.860%2.860%7.400%
Blended rate3.710%4.738%7.640%
1st payment$1,858.13$1,858.13$3,427.28
2nd payment$0.00$721.30$0.00
Taxes / mo$294.50$294.50$294.50
Insurance / mo$166.67$166.67$166.67
MI / mo$317.85$317.85$99.00
HOA / mo$125.00$125.00$125.00
Total monthly$2,762.14$3,483.44$4,112.45
Cash to close$151,173$55,000$55,000