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$477,587$477,587$504,000
Remaining term (yrs)28.828.830.0
Secondary amount$0$26,413$0
Funding fee$0$0$0
Note rate6.630%6.630%7.400%
Blended rate7.180%7.275%7.640%
1st payment$3,096.30$3,096.30$3,489.59
2nd payment$0.00$198.10$0.00
Taxes / mo$101.42$101.42$101.42
Insurance / mo$166.67$166.67$166.67
MI / mo$221.52$221.52$100.80
HOA / mo$0.00$0.00$0.00
Total monthly$3,585.90$3,784.00$3,858.48
Cash to close$82,413$56,000$56,000