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$536,014$536,014$575,999
Remaining term (yrs)26.126.130.0
Secondary amount$0$39,985$0
Funding fee$0$0$0
Note rate6.920%6.920%7.400%
Blended rate7.770%7.855%7.640%
1st payment$3,694.93$3,694.93$3,988.10
2nd payment$0.00$299.89$0.00
Taxes / mo$533.33$533.33$533.33
Insurance / mo$166.67$166.67$166.67
MI / mo$396.59$396.59$115.20
HOA / mo$211.00$211.00$211.00
Total monthly$5,002.52$5,302.41$5,014.30
Cash to close$103,985$64,000$64,000