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$36,188$36,188$399,600
Remaining term (yrs)25.525.530.0
Secondary amount$0$363,412$0
Funding fee$0$0$0
Note rate6.760%6.760%7.320%
Blended rate7.310%7.710%7.560%
1st payment$247.78$247.78$2,744.97
2nd payment$0.00$2,347.04$0.00
Taxes / mo$370.00$370.00$370.00
Insurance / mo$150.00$150.00$150.00
MI / mo$16.89$16.89$79.92
HOA / mo$0.00$0.00$0.00
Total monthly$784.67$3,131.71$3,344.89
Cash to close$407,812$44,400$44,400