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$43,900$43,900$414,000
Remaining term (yrs)5.85.830.0
Secondary amount$0$370,100$0
Funding fee$0$0$0
Note rate6.540%6.540%7.320%
Blended rate7.390%7.712%7.560%
1st payment$747.30$747.30$2,843.89
2nd payment$0.00$2,390.23$0.00
Taxes / mo$383.33$383.33$383.33
Insurance / mo$166.67$166.67$166.67
MI / mo$83.40$83.40$82.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,380.70$3,770.92$3,476.69
Cash to close$416,100$46,000$46,000