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$381,648$381,648$396,000
Remaining term (yrs)26.226.230.0
Secondary amount$0$36,352$0
Funding fee$0$0$0
Note rate6.490%6.490%7.400%
Blended rate7.340%7.734%7.640%
1st payment$2,522.95$2,522.95$2,741.82
2nd payment$0.00$359.73$0.00
Taxes / mo$366.50$366.50$366.50
Insurance / mo$150.00$150.00$150.00
MI / mo$283.03$283.03$79.20
HOA / mo$175.00$175.00$175.00
Total monthly$3,497.48$3,857.21$3,512.52
Cash to close$58,352$22,000$44,000