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$477,065$477,065$490,500
Remaining term (yrs)28.928.930.0
Secondary amount$0$40,685$0
Funding fee$0$0$0
Note rate6.850%6.850%7.400%
Blended rate7.400%7.752%7.640%
1st payment$3,159.04$3,159.04$3,396.12
2nd payment$0.00$402.61$0.00
Taxes / mo$454.17$454.17$454.17
Insurance / mo$166.67$166.67$166.67
MI / mo$220.97$220.97$98.10
HOA / mo$0.00$0.00$0.00
Total monthly$4,000.84$4,403.45$4,115.06
Cash to close$67,935$27,250$54,500