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$400,647$400,647$405,000
Remaining term (yrs)26.626.630.0
Secondary amount$0$26,853$0
Funding fee$0$0$0
Note rate6.390%6.390%7.320%
Blended rate6.940%7.250%7.560%
1st payment$2,607.52$2,607.52$2,782.07
2nd payment$0.00$265.74$0.00
Taxes / mo$119.83$119.83$119.83
Insurance / mo$150.00$150.00$150.00
MI / mo$191.26$191.26$81.00
HOA / mo$0.00$0.00$0.00
Total monthly$3,068.61$3,334.35$3,132.90
Cash to close$49,353$22,500$45,000