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$515,495$515,495$516,600
Remaining term (yrs)28.528.530.0
Secondary amount$0$29,805$0
Funding fee$0$0$0
Note rate6.860%6.860%7.400%
Blended rate7.410%7.654%7.640%
1st payment$3,429.54$3,429.54$3,576.83
2nd payment$0.00$294.95$0.00
Taxes / mo$149.58$149.58$149.58
Insurance / mo$166.67$166.67$166.67
MI / mo$239.64$239.64$103.32
HOA / mo$0.00$0.00$0.00
Total monthly$3,985.43$4,280.38$3,996.40
Cash to close$58,505$28,700$57,400