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$460,243$460,243$479,520
Remaining term (yrs)25.825.830.0
Secondary amount$0$45,917$0
Funding fee$0$0$0
Note rate5.250%5.250%7.400%
Blended rate6.100%6.624%7.640%
1st payment$2,711.01$2,711.01$3,320.10
2nd payment$0.00$454.38$0.00
Taxes / mo$444.00$444.00$444.00
Insurance / mo$166.67$166.67$166.67
MI / mo$347.75$347.75$95.90
HOA / mo$0.00$0.00$0.00
Total monthly$3,669.42$4,123.81$4,026.67
Cash to close$72,557$26,640$53,280