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$408,003$408,003$440,910
Remaining term (yrs)29.129.130.0
Secondary amount$0$32,907$0
Funding fee$0$0$0
Note rate6.270%6.270%7.400%
Blended rate6.820%6.983%7.640%
1st payment$2,539.51$2,539.51$3,052.77
2nd payment$0.00$246.80$0.00
Taxes / mo$132.92$132.92$132.92
Insurance / mo$166.67$166.67$166.67
MI / mo$188.64$188.64$88.18
HOA / mo$10.83$10.83$10.83
Total monthly$3,038.57$3,285.37$3,451.37
Cash to close$81,897$48,990$48,990