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$8,086$8,086$422,100
Remaining term (yrs)25.425.430.0
Secondary amount$0$414,014$0
Funding fee$0$0$0
Note rate7.220%7.220%7.400%
Blended rate7.770%7.750%7.640%
1st payment$57.89$57.89$2,922.54
2nd payment$0.00$2,673.84$0.00
Taxes / mo$390.83$390.83$390.83
Insurance / mo$166.67$166.67$166.67
MI / mo$3.82$3.82$84.42
HOA / mo$0.00$0.00$0.00
Total monthly$619.21$3,293.05$3,564.46
Cash to close$460,914$46,900$46,900