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$20,634$20,634$423,000
Remaining term (yrs)26.426.430.0
Secondary amount$0$402,366$0
Funding fee$0$0$0
Note rate6.850%6.850%7.320%
Blended rate7.400%7.733%7.560%
1st payment$140.83$140.83$2,905.72
2nd payment$0.00$2,598.61$0.00
Taxes / mo$391.67$391.67$391.67
Insurance / mo$166.67$166.67$166.67
MI / mo$9.64$9.64$84.60
HOA / mo$786.00$786.00$786.00
Total monthly$1,494.80$4,093.42$4,334.65
Cash to close$449,366$47,000$47,000