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$512,709$512,709$557,999
Remaining term (yrs)26.926.930.0
Secondary amount$0$45,290$0
Funding fee$0$0$0
Note rate6.780%6.780%7.400%
Blended rate7.330%7.466%7.640%
1st payment$3,449.56$3,449.56$3,863.47
2nd payment$0.00$339.68$0.00
Taxes / mo$516.67$516.67$516.67
Insurance / mo$166.67$166.67$166.67
MI / mo$243.02$243.02$111.60
HOA / mo$0.00$0.00$0.00
Total monthly$4,375.91$4,715.59$4,658.41
Cash to close$107,290$62,000$62,000