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$424,057$424,057$526,500
Remaining term (yrs)26.626.630.0
Secondary amount$0$102,443$0
Funding fee$0$0$0
Note rate6.340%6.340%7.400%
Blended rate6.890%7.106%7.640%
1st payment$2,746.46$2,746.46$3,645.38
2nd payment$0.00$682.95$0.00
Taxes / mo$166.78$166.78$166.78
Insurance / mo$166.67$166.67$166.67
MI / mo$202.51$202.51$105.30
HOA / mo$0.00$0.00$0.00
Total monthly$3,282.42$3,965.37$4,084.13
Cash to close$160,943$58,500$58,500