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$17,054$17,054$526,500
Remaining term (yrs)1.71.730.0
Secondary amount$0$509,446$0
Funding fee$0$0$0
Note rate7.030%7.030%7.400%
Blended rate7.880%7.754%7.640%
1st payment$828.48$828.48$3,645.38
2nd payment$0.00$3,290.17$0.00
Taxes / mo$487.50$487.50$487.50
Insurance / mo$166.67$166.67$166.67
MI / mo$87.94$87.94$105.30
HOA / mo$345.00$345.00$345.00
Total monthly$1,915.58$5,205.75$4,749.85
Cash to close$567,946$58,500$58,500