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$7,921$7,921$300,600
Remaining term (yrs)24.324.330.0
Secondary amount$0$292,679$0
Funding fee$0$0$0
Note rate6.840%6.840%7.400%
Blended rate7.390%7.741%7.640%
1st payment$55.68$55.68$2,081.29
2nd payment$0.00$1,890.22$0.00
Taxes / mo$272.25$272.25$272.25
Insurance / mo$150.00$150.00$150.00
MI / mo$3.72$3.72$60.12
HOA / mo$0.00$0.00$0.00
Total monthly$481.65$2,371.87$2,563.66
Cash to close$326,079$33,400$33,400