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$398,017$398,017$407,700
Remaining term (yrs)27.927.930.0
Secondary amount$0$32,333$0
Funding fee$0$0$0
Note rate6.470%6.470%7.320%
Blended rate7.020%7.385%7.560%
1st payment$2,567.54$2,567.54$2,800.62
2nd payment$0.00$319.97$0.00
Taxes / mo$178.58$178.58$178.58
Insurance / mo$166.67$166.67$166.67
MI / mo$186.76$186.76$81.54
HOA / mo$0.00$0.00$0.00
Total monthly$3,099.55$3,419.51$3,227.41
Cash to close$54,983$22,650$45,300