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$420,763$420,763$441,000
Remaining term (yrs)27.527.530.0
Secondary amount$0$44,737$0
Funding fee$0$0$0
Note rate6.740%6.740%7.400%
Blended rate7.290%7.731%7.640%
1st payment$2,799.27$2,799.27$3,053.39
2nd payment$0.00$442.71$0.00
Taxes / mo$146.00$146.00$146.00
Insurance / mo$166.67$166.67$166.67
MI / mo$198.01$198.01$88.20
HOA / mo$0.00$0.00$0.00
Total monthly$3,309.95$3,752.65$3,454.26
Cash to close$69,237$24,500$49,000