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$407,978$407,978$418,500
Remaining term (yrs)28.328.330.0
Secondary amount$0$33,772$0
Funding fee$0$0$0
Note rate7.040%7.040%7.320%
Blended rate7.590%7.918%7.560%
1st payment$2,767.86$2,767.86$2,874.80
2nd payment$0.00$334.20$0.00
Taxes / mo$387.50$387.50$387.50
Insurance / mo$166.67$166.67$166.67
MI / mo$189.91$189.91$83.70
HOA / mo$0.00$0.00$0.00
Total monthly$3,511.94$3,846.14$3,512.67
Cash to close$57,022$23,250$46,500