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$460,950$460,950$656,100
Remaining term (yrs)26.626.630.0
Secondary amount$0$195,150$0
Funding fee$0$0$0
Note rate6.340%6.340%7.400%
Blended rate6.890%7.220%7.640%
1st payment$2,985.40$2,985.40$4,542.70
2nd payment$0.00$1,301.00$0.00
Taxes / mo$240.00$240.00$240.00
Insurance / mo$216.67$216.67$216.67
MI / mo$220.13$220.13$131.22
HOA / mo$0.00$0.00$0.00
Total monthly$3,662.20$4,963.20$5,130.59
Cash to close$268,050$72,900$72,900