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$638,561$638,561$989,100
Remaining term (yrs)19.419.430.0
Secondary amount$0$350,539$0
Funding fee$0$0$0
Note rate3.970%3.970%7.400%
Blended rate4.820%5.858%7.640%
1st payment$3,924.42$3,924.42$6,848.33
2nd payment$0.00$2,263.89$0.00
Taxes / mo$223.67$223.67$223.67
Insurance / mo$216.67$216.67$216.67
MI / mo$584.38$584.38$197.82
HOA / mo$0.00$0.00$0.00
Total monthly$4,949.13$7,213.02$7,486.48
Cash to close$460,439$109,900$109,900