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$493,567$493,567$585,000
Remaining term (yrs)27.627.630.0
Secondary amount$0$91,433$0
Funding fee$0$0$0
Note rate6.990%6.990%7.400%
Blended rate7.540%7.768%7.640%
1st payment$3,360.85$3,360.85$4,050.42
2nd payment$0.00$685.75$0.00
Taxes / mo$541.67$541.67$541.67
Insurance / mo$166.67$166.67$166.67
MI / mo$231.77$231.77$117.00
HOA / mo$179.00$179.00$179.00
Total monthly$4,479.95$5,165.70$5,054.76
Cash to close$156,433$65,000$65,000