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$417,091$417,091$652,500
Remaining term (yrs)28.728.730.0
Secondary amount$0$235,409$0
Funding fee$0$0$0
Note rate6.860%6.860%7.400%
Blended rate7.410%7.533%7.640%
1st payment$2,769.73$2,769.73$4,517.78
2nd payment$0.00$1,520.35$0.00
Taxes / mo$148.33$148.33$148.33
Insurance / mo$216.67$216.67$216.67
MI / mo$193.54$193.54$130.50
HOA / mo$0.00$0.00$0.00
Total monthly$3,328.27$4,848.61$5,013.28
Cash to close$307,909$72,500$72,500