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$486,219$486,219$530,100
Remaining term (yrs)29.029.030.0
Secondary amount$0$43,881$0
Funding fee$0$0$0
Note rate6.300%6.300%7.400%
Blended rate6.850%7.028%7.640%
1st payment$3,038.80$3,038.80$3,670.31
2nd payment$0.00$329.11$0.00
Taxes / mo$174.00$174.00$174.00
Insurance / mo$166.67$166.67$166.67
MI / mo$225.02$225.02$106.02
HOA / mo$0.00$0.00$0.00
Total monthly$3,604.49$3,933.59$4,116.99
Cash to close$102,781$58,900$58,900