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$27,100$27,100$407,700
Remaining term (yrs)26.626.630.0
Secondary amount$0$380,600$0
Funding fee$0$0$0
Note rate6.650%6.650%7.400%
Blended rate7.200%7.713%7.640%
1st payment$180.86$180.86$2,822.83
2nd payment$0.00$2,458.04$0.00
Taxes / mo$377.50$377.50$377.50
Insurance / mo$166.67$166.67$166.67
MI / mo$12.62$12.62$81.54
HOA / mo$0.00$0.00$0.00
Total monthly$737.65$3,195.70$3,448.54
Cash to close$425,900$45,300$45,300