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$432,075$432,075$517,500
Remaining term (yrs)27.927.930.0
Secondary amount$0$85,425$0
Funding fee$0$0$0
Note rate6.490%6.490%7.320%
Blended rate7.040%7.364%7.560%
1st payment$2,789.88$2,789.88$3,554.87
2nd payment$0.00$640.69$0.00
Taxes / mo$239.83$239.83$239.83
Insurance / mo$166.67$166.67$166.67
MI / mo$202.51$202.51$103.50
HOA / mo$0.00$0.00$0.00
Total monthly$3,398.90$4,039.58$4,064.87
Cash to close$142,925$57,500$57,500