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$292,564$292,564$1,124,910
Remaining term (yrs)26.526.530.0
Secondary amount$0$832,346$0
Funding fee$0$0$0
Note rate6.320%6.320%7.400%
Blended rate6.870%7.521%7.640%
1st payment$1,893.40$1,893.40$7,788.65
2nd payment$0.00$5,375.57$0.00
Taxes / mo$1,041.58$1,041.58$1,041.58
Insurance / mo$216.67$216.67$216.67
MI / mo$139.91$139.91$224.98
HOA / mo$255.00$255.00$255.00
Total monthly$3,546.55$8,922.12$9,526.88
Cash to close$957,336$124,990$124,990