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$343,461$343,461$378,000
Remaining term (yrs)26.826.830.0
Secondary amount$0$34,539$0
Funding fee$0$0$0
Note rate6.710%6.710%7.400%
Blended rate7.260%7.419%7.640%
1st payment$2,300.36$2,300.36$2,617.20
2nd payment$0.00$259.04$0.00
Taxes / mo$144.67$144.67$144.67
Insurance / mo$150.00$150.00$150.00
MI / mo$163.22$163.22$75.60
HOA / mo$0.00$0.00$0.00
Total monthly$2,758.25$3,017.29$2,987.46
Cash to close$76,539$42,000$42,000