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$402,669$402,669$414,000
Remaining term (yrs)27.727.730.0
Secondary amount$0$34,331$0
Funding fee$0$0$0
Note rate7.020%7.020%7.400%
Blended rate7.570%7.908%7.640%
1st payment$2,747.16$2,747.16$2,866.45
2nd payment$0.00$339.74$0.00
Taxes / mo$331.33$331.33$331.33
Insurance / mo$166.67$166.67$166.67
MI / mo$188.87$188.87$82.80
HOA / mo$35.42$35.42$35.42
Total monthly$3,469.46$3,809.19$3,482.67
Cash to close$57,331$23,000$46,000