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$17,743$17,743$422,100
Remaining term (yrs)27.727.730.0
Secondary amount$0$404,357$0
Funding fee$0$0$0
Note rate6.940%6.940%7.320%
Blended rate7.490%7.739%7.560%
1st payment$120.11$120.11$2,899.53
2nd payment$0.00$2,611.47$0.00
Taxes / mo$150.31$150.31$150.31
Insurance / mo$166.67$166.67$166.67
MI / mo$8.33$8.33$84.42
HOA / mo$0.00$0.00$0.00
Total monthly$445.42$3,056.90$3,300.93
Cash to close$451,257$46,900$46,900