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$395,357$395,357$423,000
Remaining term (yrs)28.728.730.0
Secondary amount$0$27,643$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate7.050%7.177%7.640%
1st payment$2,532.13$2,532.13$2,928.77
2nd payment$0.00$207.32$0.00
Taxes / mo$232.25$232.25$232.25
Insurance / mo$166.67$166.67$166.67
MI / mo$183.61$183.61$84.60
HOA / mo$563.00$563.00$563.00
Total monthly$3,677.66$3,884.98$3,975.28
Cash to close$74,643$47,000$47,000