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$490,942$490,942$494,910
Remaining term (yrs)29.129.130.0
Secondary amount$0$31,463$0
Funding fee$0$0$0
Note rate6.270%6.270%7.240%
Blended rate6.820%7.124%7.480%
1st payment$3,055.75$3,055.75$3,372.80
2nd payment$0.00$311.35$0.00
Taxes / mo$460.67$460.67$460.67
Insurance / mo$166.67$166.67$166.67
MI / mo$226.99$226.99$98.98
HOA / mo$14.92$14.92$14.92
Total monthly$3,924.99$4,236.34$4,114.04
Cash to close$58,958$27,495$54,990