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$471,729$471,729$575,100
Remaining term (yrs)28.928.930.0
Secondary amount$0$103,371$0
Funding fee$0$0$0
Note rate6.500%6.500%7.320%
Blended rate7.050%7.221%7.560%
1st payment$3,015.35$3,015.35$3,950.54
2nd payment$0.00$689.14$0.00
Taxes / mo$318.67$318.67$318.67
Insurance / mo$166.67$166.67$166.67
MI / mo$218.65$218.65$115.02
HOA / mo$25.00$25.00$25.00
Total monthly$3,744.34$4,433.48$4,575.89
Cash to close$167,271$63,900$63,900