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$525,046$525,046$567,000
Remaining term (yrs)28.428.430.0
Secondary amount$0$41,954$0
Funding fee$0$0$0
Note rate6.950%6.950%7.320%
Blended rate7.500%7.611%7.560%
1st payment$3,530.82$3,530.82$3,894.90
2nd payment$0.00$314.65$0.00
Taxes / mo$1,157.72$1,157.72$1,157.72
Insurance / mo$166.67$166.67$166.67
MI / mo$244.47$244.47$113.40
HOA / mo$0.00$0.00$0.00
Total monthly$5,099.68$5,414.33$5,332.68
Cash to close$104,954$63,000$63,000