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$479,239$479,239$585,000
Remaining term (yrs)29.429.430.0
Secondary amount$0$105,761$0
Funding fee$0$0$0
Note rate6.500%6.500%7.320%
Blended rate7.050%7.222%7.560%
1st payment$3,045.86$3,045.86$4,018.54
2nd payment$0.00$705.08$0.00
Taxes / mo$162.08$162.08$162.08
Insurance / mo$166.67$166.67$166.67
MI / mo$220.87$220.87$117.00
HOA / mo$0.00$0.00$0.00
Total monthly$3,595.48$4,300.55$4,464.29
Cash to close$170,761$65,000$65,000