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$0$0$490,410
Remaining term (yrs)0.00.030.0
Secondary amount$0$490,410$0
Funding fee$0$0$0
Note rate4.060%4.060%7.320%
Blended rate4.910%7.750%7.560%
1st payment$1,587.64$1,587.64$3,368.78
2nd payment$0.00$3,167.23$0.00
Taxes / mo$312.00$312.00$312.00
Insurance / mo$166.67$166.67$166.67
MI / mo$151.42$151.42$98.08
HOA / mo$47.00$47.00$47.00
Total monthly$2,264.72$5,431.95$3,992.53
Cash to close$544,900$54,490$54,490