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$457,180$457,180$499,500
Remaining term (yrs)26.526.530.0
Secondary amount$0$42,320$0
Funding fee$0$0$0
Note rate6.540%6.540%7.400%
Blended rate7.090%7.252%7.640%
1st payment$3,022.54$3,022.54$3,458.44
2nd payment$0.00$317.40$0.00
Taxes / mo$395.83$395.83$395.83
Insurance / mo$166.67$166.67$166.67
MI / mo$218.27$218.27$99.90
HOA / mo$0.00$0.00$0.00
Total monthly$3,803.31$4,120.70$4,120.84
Cash to close$97,820$55,500$55,500