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$390,156$390,156$399,600
Remaining term (yrs)27.827.830.0
Secondary amount$0$31,644$0
Funding fee$0$0$0
Note rate6.460%6.460%7.400%
Blended rate7.010%7.375%7.640%
1st payment$2,516.98$2,516.98$2,766.75
2nd payment$0.00$313.15$0.00
Taxes / mo$212.00$212.00$212.00
Insurance / mo$150.00$150.00$150.00
MI / mo$183.28$183.28$79.92
HOA / mo$0.00$0.00$0.00
Total monthly$3,062.26$3,375.41$3,208.67
Cash to close$53,844$22,200$44,400