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$459,833$459,833$566,910
Remaining term (yrs)27.627.630.0
Secondary amount$0$107,077$0
Funding fee$0$0$0
Note rate6.900%6.900%7.400%
Blended rate7.450%7.554%7.640%
1st payment$3,104.02$3,104.02$3,925.17
2nd payment$0.00$713.85$0.00
Taxes / mo$494.50$494.50$494.50
Insurance / mo$166.67$166.67$166.67
MI / mo$216.02$216.02$113.38
HOA / mo$0.00$0.00$0.00
Total monthly$3,981.20$4,695.05$4,699.72
Cash to close$170,067$62,990$62,990