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$469,421$469,421$549,000
Remaining term (yrs)26.526.530.0
Secondary amount$0$79,579$0
Funding fee$0$0$0
Note rate6.280%6.280%7.320%
Blended rate6.830%7.145%7.560%
1st payment$3,026.12$3,026.12$3,771.25
2nd payment$0.00$596.84$0.00
Taxes / mo$508.33$508.33$508.33
Insurance / mo$166.67$166.67$166.67
MI / mo$224.55$224.55$109.80
HOA / mo$420.00$420.00$420.00
Total monthly$4,345.67$4,942.52$4,976.05
Cash to close$140,579$61,000$61,000