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$16,560$16,560$440,100
Remaining term (yrs)14.914.930.0
Secondary amount$0$423,540$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate7.050%7.724%7.640%
1st payment$144.73$144.73$3,047.16
2nd payment$0.00$2,735.36$0.00
Taxes / mo$157.08$157.08$157.08
Insurance / mo$166.67$166.67$166.67
MI / mo$7.62$7.62$88.02
HOA / mo$29.17$29.17$29.17
Total monthly$505.27$3,240.63$3,488.10
Cash to close$472,440$48,900$48,900