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$69,808$69,808$418,500
Remaining term (yrs)28.128.130.0
Secondary amount$0$348,692$0
Funding fee$0$0$0
Note rate6.540%6.540%7.320%
Blended rate7.090%7.640%7.560%
1st payment$452.07$452.07$2,874.80
2nd payment$0.00$2,251.97$0.00
Taxes / mo$366.92$366.92$366.92
Insurance / mo$166.67$166.67$166.67
MI / mo$32.64$32.64$83.70
HOA / mo$350.00$350.00$350.00
Total monthly$1,368.29$3,620.27$3,842.09
Cash to close$395,192$46,500$46,500