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$438,975$438,975$445,500
Remaining term (yrs)27.427.430.0
Secondary amount$0$31,275$0
Funding fee$0$0$0
Note rate6.740%6.740%7.400%
Blended rate7.290%7.595%7.640%
1st payment$2,926.51$2,926.51$3,084.55
2nd payment$0.00$309.49$0.00
Taxes / mo$246.33$246.33$246.33
Insurance / mo$166.67$166.67$166.67
MI / mo$207.01$207.01$89.10
HOA / mo$12.50$12.50$12.50
Total monthly$3,559.02$3,868.52$3,599.15
Cash to close$56,025$24,750$49,500