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$516,587$516,587$575,999
Remaining term (yrs)28.328.330.0
Secondary amount$0$59,412$0
Funding fee$0$0$0
Note rate6.600%6.600%7.320%
Blended rate7.150%7.341%7.560%
1st payment$3,358.69$3,358.69$3,956.71
2nd payment$0.00$445.59$0.00
Taxes / mo$533.33$533.33$533.33
Insurance / mo$166.67$166.67$166.67
MI / mo$241.04$241.04$115.20
HOA / mo$78.00$78.00$78.00
Total monthly$4,377.73$4,823.32$4,849.91
Cash to close$123,412$64,000$64,000