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$26,402$26,402$479,250
Remaining term (yrs)3.43.430.0
Secondary amount$0$452,848$0
Funding fee$0$0$0
Note rate8.250%8.250%7.400%
Blended rate9.100%7.824%7.640%
1st payment$711.32$711.32$3,318.23
2nd payment$0.00$2,924.64$0.00
Taxes / mo$443.75$443.75$443.75
Insurance / mo$166.67$166.67$166.67
MI / mo$67.07$67.07$95.85
HOA / mo$0.00$0.00$0.00
Total monthly$1,388.81$4,313.45$4,024.50
Cash to close$506,098$53,250$53,250