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$444,780$444,780$485,100
Remaining term (yrs)27.527.530.0
Secondary amount$0$40,320$0
Funding fee$0$0$0
Note rate6.820%6.820%7.400%
Blended rate7.370%7.505%7.640%
1st payment$2,982.19$2,982.19$3,358.73
2nd payment$0.00$302.40$0.00
Taxes / mo$396.08$396.08$396.08
Insurance / mo$166.67$166.67$166.67
MI / mo$209.23$209.23$97.02
HOA / mo$85.00$85.00$85.00
Total monthly$3,839.18$4,141.58$4,103.50
Cash to close$94,220$53,900$53,900