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$387,504$387,504$414,000
Remaining term (yrs)27.627.630.0
Secondary amount$0$26,496$0
Funding fee$0$0$0
Note rate7.170%7.170%7.400%
Blended rate7.720%7.802%7.640%
1st payment$2,684.61$2,684.61$2,866.45
2nd payment$0.00$198.72$0.00
Taxes / mo$183.75$183.75$183.75
Insurance / mo$166.67$166.67$166.67
MI / mo$181.81$181.81$82.80
HOA / mo$175.00$175.00$175.00
Total monthly$3,391.84$3,590.56$3,474.67
Cash to close$72,496$46,000$46,000