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$20,211$20,211$440,991
Remaining term (yrs)23.023.030.0
Secondary amount$0$420,780$0
Funding fee$0$0$0
Note rate7.120%7.120%7.400%
Blended rate7.670%7.746%7.640%
1st payment$148.61$148.61$3,053.33
2nd payment$0.00$2,717.54$0.00
Taxes / mo$408.33$408.33$408.33
Insurance / mo$166.67$166.67$166.67
MI / mo$9.67$9.67$88.20
HOA / mo$0.00$0.00$0.00
Total monthly$733.27$3,450.81$3,716.52
Cash to close$469,779$48,999$48,999