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$435,361$435,361$562,500
Remaining term (yrs)28.928.930.0
Secondary amount$0$127,139$0
Funding fee$0$0$0
Note rate4.750%4.750%7.400%
Blended rate5.300%5.910%7.640%
1st payment$2,303.57$2,303.57$3,894.64
2nd payment$0.00$847.59$0.00
Taxes / mo$315.17$315.17$315.17
Insurance / mo$166.67$166.67$166.67
MI / mo$202.40$202.40$112.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,987.80$3,835.39$4,488.97
Cash to close$189,639$62,500$62,500