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$10,935$10,935$367,200
Remaining term (yrs)28.428.430.0
Secondary amount$0$356,265$0
Funding fee$0$0$0
Note rate6.890%6.890%7.400%
Blended rate7.440%7.741%7.640%
1st payment$73.04$73.04$2,542.42
2nd payment$0.00$2,300.88$0.00
Taxes / mo$340.00$340.00$340.00
Insurance / mo$150.00$150.00$150.00
MI / mo$5.09$5.09$73.44
HOA / mo$0.00$0.00$0.00
Total monthly$568.12$2,869.00$3,105.86
Cash to close$397,065$40,800$40,800