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$383,335$383,335$427,500
Remaining term (yrs)27.127.130.0
Secondary amount$0$44,165$0
Funding fee$0$0$0
Note rate7.620%7.620%7.400%
Blended rate8.170%8.256%7.640%
1st payment$2,785.74$2,785.74$2,959.92
2nd payment$0.00$331.24$0.00
Taxes / mo$395.83$395.83$395.83
Insurance / mo$166.67$166.67$166.67
MI / mo$180.48$180.48$85.50
HOA / mo$0.00$0.00$0.00
Total monthly$3,528.72$3,859.95$3,607.92
Cash to close$91,665$47,500$47,500