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$517,341$517,341$531,000
Remaining term (yrs)29.429.430.0
Secondary amount$0$43,159$0
Funding fee$0$0$0
Note rate6.150%6.150%7.400%
Blended rate6.700%7.098%7.640%
1st payment$3,170.42$3,170.42$3,676.54
2nd payment$0.00$427.10$0.00
Taxes / mo$491.67$491.67$491.67
Insurance / mo$166.67$166.67$166.67
MI / mo$238.52$238.52$106.20
HOA / mo$178.00$178.00$178.00
Total monthly$4,245.27$4,672.37$4,619.07
Cash to close$72,659$29,500$59,000