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$17,240$17,240$413,100
Remaining term (yrs)26.126.130.0
Secondary amount$0$395,860$0
Funding fee$0$0$0
Note rate6.080%6.080%7.400%
Blended rate6.630%7.703%7.640%
1st payment$109.67$109.67$2,860.22
2nd payment$0.00$2,556.59$0.00
Taxes / mo$382.50$382.50$382.50
Insurance / mo$166.67$166.67$166.67
MI / mo$8.11$8.11$82.62
HOA / mo$0.00$0.00$0.00
Total monthly$666.94$3,223.54$3,492.01
Cash to close$441,760$45,900$45,900