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$538,888$538,888$576,000
Remaining term (yrs)27.627.630.0
Secondary amount$0$37,112$0
Funding fee$0$0$0
Note rate6.990%6.990%7.400%
Blended rate7.540%7.634%7.640%
1st payment$3,669.46$3,669.46$3,988.11
2nd payment$0.00$278.34$0.00
Taxes / mo$486.58$486.58$486.58
Insurance / mo$166.67$166.67$166.67
MI / mo$253.05$253.05$115.20
HOA / mo$33.33$33.33$33.33
Total monthly$4,609.09$4,887.43$4,789.89
Cash to close$101,112$64,000$64,000