Dan Frey Home Loans
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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$422,448$422,448$539,910
Remaining term (yrs)26.026.030.0
Secondary amount$0$117,462$0
Funding fee$0$0$0
Note rate5.660%5.660%7.400%
Blended rate6.510%6.834%7.640%
1st payment$2,581.67$2,581.67$3,738.23
2nd payment$0.00$783.08$0.00
Taxes / mo$499.92$499.92$499.92
Insurance / mo$166.67$166.67$166.67
MI / mo$316.45$316.45$107.98
HOA / mo$0.00$0.00$0.00
Total monthly$3,564.71$4,347.79$4,512.79
Cash to close$177,452$59,990$59,990