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$473,524$473,524$472,500
Remaining term (yrs)28.528.530.0
Secondary amount$0$25,226$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate7.050%7.294%7.640%
1st payment$3,038.78$3,038.78$3,271.49
2nd payment$0.00$249.63$0.00
Taxes / mo$218.25$218.25$218.25
Insurance / mo$166.67$166.67$166.67
MI / mo$220.35$220.35$94.50
HOA / mo$0.00$0.00$0.00
Total monthly$3,644.05$3,893.68$3,750.91
Cash to close$51,476$26,250$52,500