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$300,404$300,404$332,910
Remaining term (yrs)27.227.230.0
Secondary amount$0$32,506$0
Funding fee$0$0$0
Note rate7.620%7.620%7.320%
Blended rate8.170%8.251%7.560%
1st payment$2,181.08$2,181.08$2,286.86
2nd payment$0.00$243.79$0.00
Taxes / mo$188.83$188.83$188.83
Insurance / mo$150.00$150.00$150.00
MI / mo$141.31$141.31$66.58
HOA / mo$0.00$0.00$0.00
Total monthly$2,661.22$2,905.02$2,692.28
Cash to close$69,496$36,990$36,990