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$402,637$402,637$598,410
Remaining term (yrs)28.928.930.0
Secondary amount$0$195,773$0
Funding fee$0$0$0
Note rate6.720%6.720%7.400%
Blended rate7.270%7.509%7.640%
1st payment$2,631.68$2,631.68$4,143.27
2nd payment$0.00$1,305.15$0.00
Taxes / mo$117.00$117.00$117.00
Insurance / mo$166.67$166.67$166.67
MI / mo$186.54$186.54$119.68
HOA / mo$0.00$0.00$0.00
Total monthly$3,101.89$4,407.04$4,546.62
Cash to close$262,263$66,490$66,490