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$495,473$495,473$517,500
Remaining term (yrs)28.928.930.0
Secondary amount$0$50,777$0
Funding fee$0$0$0
Note rate6.580%6.580%7.320%
Blended rate7.130%7.571%7.560%
1st payment$3,189.94$3,189.94$3,554.87
2nd payment$0.00$502.48$0.00
Taxes / mo$188.00$188.00$188.00
Insurance / mo$166.67$166.67$166.67
MI / mo$229.40$229.40$103.50
HOA / mo$18.33$18.33$18.33
Total monthly$3,792.34$4,294.82$4,031.36
Cash to close$79,527$28,750$57,500