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$398,539$398,539$458,100
Remaining term (yrs)26.326.330.0
Secondary amount$0$59,561$0
Funding fee$0$0$0
Note rate6.330%6.330%7.400%
Blended rate7.180%7.156%7.640%
1st payment$2,591.15$2,591.15$3,171.79
2nd payment$0.00$446.71$0.00
Taxes / mo$177.42$177.42$177.42
Insurance / mo$166.67$166.67$166.67
MI / mo$191.26$191.26$91.62
HOA / mo$25.83$25.83$25.83
Total monthly$3,152.33$3,599.04$3,633.33
Cash to close$110,461$50,900$50,900