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$405,019$405,019$472,500
Remaining term (yrs)29.629.630.0
Secondary amount$0$67,481$0
Funding fee$0$0$0
Note rate6.230%6.230%7.320%
Blended rate6.780%7.097%7.560%
1st payment$2,495.68$2,495.68$3,245.75
2nd payment$0.00$506.11$0.00
Taxes / mo$397.75$397.75$397.75
Insurance / mo$166.67$166.67$166.67
MI / mo$186.17$186.17$94.50
HOA / mo$0.00$0.00$0.00
Total monthly$3,246.26$3,752.37$3,904.66
Cash to close$119,981$52,500$52,500