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$388,796$388,796$396,000
Remaining term (yrs)25.825.830.0
Secondary amount$0$29,204$0
Funding fee$0$0$0
Note rate5.780%5.780%7.400%
Blended rate6.630%6.996%7.640%
1st payment$2,414.47$2,414.47$2,741.82
2nd payment$0.00$289.00$0.00
Taxes / mo$497.17$497.17$497.17
Insurance / mo$150.00$150.00$150.00
MI / mo$292.11$292.11$79.20
HOA / mo$24.00$24.00$24.00
Total monthly$3,377.75$3,666.75$3,492.19
Cash to close$51,204$22,000$44,000