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$432,375$432,375$450,000
Remaining term (yrs)26.426.430.0
Secondary amount$0$42,625$0
Funding fee$0$0$0
Note rate6.320%6.320%7.400%
Blended rate6.870%7.319%7.640%
1st payment$2,801.59$2,801.59$3,115.71
2nd payment$0.00$421.81$0.00
Taxes / mo$416.67$416.67$416.67
Insurance / mo$166.67$166.67$166.67
MI / mo$207.01$207.01$90.00
HOA / mo$0.00$0.00$0.00
Total monthly$3,591.94$4,013.75$3,789.04
Cash to close$67,625$25,000$50,000