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$451,351$451,351$472,500
Remaining term (yrs)28.828.830.0
Secondary amount$0$47,399$0
Funding fee$0$0$0
Note rate6.810%6.810%7.400%
Blended rate7.360%7.789%7.640%
1st payment$2,979.58$2,979.58$3,271.49
2nd payment$0.00$469.05$0.00
Taxes / mo$545.08$545.08$545.08
Insurance / mo$166.67$166.67$166.67
MI / mo$209.26$209.26$94.50
HOA / mo$0.00$0.00$0.00
Total monthly$3,900.60$4,369.65$4,077.74
Cash to close$73,649$26,250$52,500