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$20,017$20,017$494,910
Remaining term (yrs)27.627.630.0
Secondary amount$0$474,893$0
Funding fee$0$0$0
Note rate6.220%6.220%7.400%
Blended rate6.770%7.710%7.640%
1st payment$126.34$126.34$3,426.66
2nd payment$0.00$3,067.02$0.00
Taxes / mo$189.83$189.83$189.83
Insurance / mo$166.67$166.67$166.67
MI / mo$9.21$9.21$98.98
HOA / mo$33.33$33.33$33.33
Total monthly$525.38$3,592.39$3,915.47
Cash to close$529,883$54,990$54,990