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$470,871$470,871$585,000
Remaining term (yrs)27.027.030.0
Secondary amount$0$114,129$0
Funding fee$0$0$0
Note rate6.140%6.140%7.400%
Blended rate6.690%6.946%7.640%
1st payment$2,972.31$2,972.31$4,050.42
2nd payment$0.00$760.86$0.00
Taxes / mo$541.67$541.67$541.67
Insurance / mo$166.67$166.67$166.67
MI / mo$223.85$223.85$117.00
HOA / mo$0.00$0.00$0.00
Total monthly$3,904.49$4,665.35$4,875.76
Cash to close$179,129$65,000$65,000