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$483,513$483,513$584,910
Remaining term (yrs)27.927.930.0
Secondary amount$0$101,397$0
Funding fee$0$0$0
Note rate6.470%6.470%7.400%
Blended rate7.020%7.190%7.640%
1st payment$3,119.06$3,119.06$4,049.80
2nd payment$0.00$675.98$0.00
Taxes / mo$541.58$541.58$541.58
Insurance / mo$166.67$166.67$166.67
MI / mo$226.88$226.88$116.98
HOA / mo$0.00$0.00$0.00
Total monthly$4,054.19$4,730.17$4,875.03
Cash to close$166,387$64,990$64,990