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$433,877$433,877$508,500
Remaining term (yrs)25.225.230.0
Secondary amount$0$74,623$0
Funding fee$0$0$0
Note rate3.110%3.110%7.240%
Blended rate3.960%4.700%7.480%
1st payment$2,068.77$2,068.77$3,465.42
2nd payment$0.00$559.68$0.00
Taxes / mo$215.58$215.58$215.58
Insurance / mo$166.67$166.67$166.67
MI / mo$342.73$342.73$101.70
HOA / mo$33.00$33.00$33.00
Total monthly$2,826.75$3,386.43$3,982.37
Cash to close$131,123$56,500$56,500