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$413,717$413,717$422,910
Remaining term (yrs)28.628.630.0
Secondary amount$0$32,688$0
Funding fee$0$0$0
Note rate6.830%6.830%7.400%
Blended rate7.380%7.709%7.640%
1st payment$2,741.68$2,741.68$2,928.14
2nd payment$0.00$323.48$0.00
Taxes / mo$504.92$504.92$504.92
Insurance / mo$166.67$166.67$166.67
MI / mo$192.16$192.16$84.58
HOA / mo$0.00$0.00$0.00
Total monthly$3,605.42$3,928.90$3,684.31
Cash to close$56,183$23,495$46,990