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$420,367$420,367$449,010
Remaining term (yrs)28.428.430.0
Secondary amount$0$28,643$0
Funding fee$0$0$0
Note rate6.950%6.950%7.400%
Blended rate7.500%7.596%7.640%
1st payment$2,826.88$2,826.88$3,108.85
2nd payment$0.00$214.82$0.00
Taxes / mo$536.83$536.83$536.83
Insurance / mo$166.67$166.67$166.67
MI / mo$195.73$195.73$89.80
HOA / mo$10.00$10.00$10.00
Total monthly$3,736.11$3,950.93$3,912.16
Cash to close$78,533$49,890$49,890