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$405,040$405,040$450,000
Remaining term (yrs)26.426.430.0
Secondary amount$0$44,960$0
Funding fee$0$0$0
Note rate6.270%6.270%7.400%
Blended rate6.820%7.038%7.640%
1st payment$2,611.72$2,611.72$3,115.71
2nd payment$0.00$337.20$0.00
Taxes / mo$335.92$335.92$335.92
Insurance / mo$166.67$166.67$166.67
MI / mo$194.00$194.00$90.00
HOA / mo$0.00$0.00$0.00
Total monthly$3,308.30$3,645.50$3,708.29
Cash to close$94,960$50,000$50,000