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$439,912$439,912$485,910
Remaining term (yrs)26.726.730.0
Secondary amount$0$45,998$0
Funding fee$0$0$0
Note rate6.430%6.430%7.320%
Blended rate6.980%7.171%7.560%
1st payment$2,870.87$2,870.87$3,337.86
2nd payment$0.00$344.99$0.00
Taxes / mo$440.33$440.33$440.33
Insurance / mo$166.67$166.67$166.67
MI / mo$209.70$209.70$97.18
HOA / mo$65.00$65.00$65.00
Total monthly$3,752.57$4,097.56$4,107.05
Cash to close$99,988$53,990$53,990