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$452,684$452,684$475,200
Remaining term (yrs)27.827.830.0
Secondary amount$0$48,916$0
Funding fee$0$0$0
Note rate6.950%6.950%7.400%
Blended rate7.500%7.927%7.640%
1st payment$3,064.57$3,064.57$3,290.19
2nd payment$0.00$484.06$0.00
Taxes / mo$520.25$520.25$520.25
Insurance / mo$166.67$166.67$166.67
MI / mo$212.19$212.19$95.04
HOA / mo$75.00$75.00$75.00
Total monthly$4,038.67$4,522.74$4,147.15
Cash to close$75,316$26,400$52,800