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$14,949$14,949$538,999
Remaining term (yrs)1.91.930.0
Secondary amount$0$524,051$0
Funding fee$0$0$0
Note rate7.100%7.100%7.400%
Blended rate7.950%7.756%7.640%
1st payment$669.97$669.97$3,731.92
2nd payment$0.00$3,384.49$0.00
Taxes / mo$499.07$499.07$499.07
Insurance / mo$166.67$166.67$166.67
MI / mo$70.62$70.62$107.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,406.32$4,790.82$4,505.46
Cash to close$583,939$59,889$59,889