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$415,152$415,152$494,910
Remaining term (yrs)27.327.330.0
Secondary amount$0$79,758$0
Funding fee$0$0$0
Note rate6.950%6.950%7.400%
Blended rate7.500%7.742%7.640%
1st payment$2,827.32$2,827.32$3,426.66
2nd payment$0.00$598.18$0.00
Taxes / mo$136.08$136.08$136.08
Insurance / mo$166.67$166.67$166.67
MI / mo$195.76$195.76$98.98
HOA / mo$0.00$0.00$0.00
Total monthly$3,325.83$3,924.01$3,828.39
Cash to close$134,748$54,990$54,990