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$547,509$547,509$562,410
Remaining term (yrs)27.927.930.0
Secondary amount$0$46,146$0
Funding fee$0$0$0
Note rate6.850%6.850%7.320%
Blended rate7.400%7.748%7.560%
1st payment$3,666.99$3,666.99$3,863.37
2nd payment$0.00$456.65$0.00
Taxes / mo$447.92$447.92$447.92
Insurance / mo$166.67$166.67$166.67
MI / mo$256.49$256.49$112.48
HOA / mo$20.00$20.00$20.00
Total monthly$4,558.07$5,014.72$4,610.43
Cash to close$77,391$31,245$62,490