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$318,836$318,836$359,100
Remaining term (yrs)26.626.630.0
Secondary amount$0$40,264$0
Funding fee$0$0$0
Note rate6.340%6.340%7.400%
Blended rate6.890%7.127%7.640%
1st payment$2,064.98$2,064.98$2,486.34
2nd payment$0.00$301.98$0.00
Taxes / mo$332.50$332.50$332.50
Insurance / mo$150.00$150.00$150.00
MI / mo$152.26$152.26$71.82
HOA / mo$346.00$346.00$346.00
Total monthly$3,045.74$3,347.73$3,386.66
Cash to close$80,164$39,900$39,900