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$441,430$441,430$486,000
Remaining term (yrs)28.228.230.0
Secondary amount$0$44,570$0
Funding fee$0$0$0
Note rate6.690%6.690%7.400%
Blended rate7.240%7.401%7.640%
1st payment$2,898.79$2,898.79$3,364.97
2nd payment$0.00$334.28$0.00
Taxes / mo$539.83$539.83$539.83
Insurance / mo$166.67$166.67$166.67
MI / mo$206.11$206.11$97.20
HOA / mo$7.50$7.50$7.50
Total monthly$3,818.90$4,153.18$4,176.17
Cash to close$98,570$54,000$54,000