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$465,568$465,568$699,300
Remaining term (yrs)28.728.730.0
Secondary amount$0$233,732$0
Funding fee$0$0$0
Note rate6.890%6.890%7.400%
Blended rate7.440%7.544%7.640%
1st payment$3,100.87$3,100.87$4,841.81
2nd payment$0.00$1,509.52$0.00
Taxes / mo$460.92$460.92$460.92
Insurance / mo$216.67$216.67$216.67
MI / mo$216.02$216.02$139.86
HOA / mo$0.00$0.00$0.00
Total monthly$3,994.47$5,503.99$5,659.26
Cash to close$311,432$77,700$77,700