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$409,604$409,604$562,500
Remaining term (yrs)21.421.430.0
Secondary amount$0$152,896$0
Funding fee$0$0$0
Note rate4.380%4.380%7.320%
Blended rate5.230%5.983%7.560%
1st payment$2,447.75$2,447.75$3,863.98
2nd payment$0.00$1,019.31$0.00
Taxes / mo$430.75$430.75$430.75
Insurance / mo$166.67$166.67$166.67
MI / mo$347.06$347.06$112.50
HOA / mo$0.00$0.00$0.00
Total monthly$3,392.22$4,411.53$4,573.90
Cash to close$215,396$62,500$62,500