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$10,413$10,413$513,000
Remaining term (yrs)24.924.930.0
Secondary amount$0$502,587$0
Funding fee$0$0$0
Note rate6.900%6.900%7.320%
Blended rate7.450%7.744%7.560%
1st payment$72.94$72.94$3,523.95
2nd payment$0.00$3,245.87$0.00
Taxes / mo$265.92$265.92$265.92
Insurance / mo$166.67$166.67$166.67
MI / mo$4.97$4.97$102.60
HOA / mo$7.08$7.08$7.08
Total monthly$517.57$3,763.44$4,066.22
Cash to close$559,587$57,000$57,000