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$486,676$486,676$539,100
Remaining term (yrs)26.526.530.0
Secondary amount$0$52,424$0
Funding fee$0$0$0
Note rate6.600%6.600%7.400%
Blended rate7.150%7.330%7.640%
1st payment$3,236.18$3,236.18$3,732.62
2nd payment$0.00$393.18$0.00
Taxes / mo$499.17$499.17$499.17
Insurance / mo$166.67$166.67$166.67
MI / mo$232.24$232.24$107.82
HOA / mo$0.00$0.00$0.00
Total monthly$4,134.26$4,527.43$4,506.27
Cash to close$112,324$59,900$59,900