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$416,362$416,362$472,500
Remaining term (yrs)27.427.430.0
Secondary amount$0$56,138$0
Funding fee$0$0$0
Note rate6.670%6.670%7.320%
Blended rate7.220%7.431%7.560%
1st payment$2,756.89$2,756.89$3,245.75
2nd payment$0.00$421.04$0.00
Taxes / mo$437.50$437.50$437.50
Insurance / mo$166.67$166.67$166.67
MI / mo$196.42$196.42$94.50
HOA / mo$0.00$0.00$0.00
Total monthly$3,557.48$3,978.51$3,944.41
Cash to close$108,638$52,500$52,500