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$385,344$385,344$400,500
Remaining term (yrs)28.928.930.0
Secondary amount$0$37,406$0
Funding fee$0$0$0
Note rate6.580%6.580%7.400%
Blended rate7.130%7.550%7.640%
1st payment$2,480.91$2,480.91$2,772.98
2nd payment$0.00$370.17$0.00
Taxes / mo$211.42$211.42$211.42
Insurance / mo$150.00$150.00$150.00
MI / mo$178.41$178.41$80.10
HOA / mo$30.00$30.00$30.00
Total monthly$3,050.74$3,420.90$3,244.50
Cash to close$59,656$22,250$44,500