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$14,252$14,252$310,500
Remaining term (yrs)25.125.130.0
Secondary amount$0$296,248$0
Funding fee$0$0$0
Note rate7.310%7.310%7.320%
Blended rate7.860%7.755%7.560%
1st payment$103.21$103.21$2,132.92
2nd payment$0.00$1,913.27$0.00
Taxes / mo$483.64$483.64$483.64
Insurance / mo$150.00$150.00$150.00
MI / mo$6.76$6.76$62.10
HOA / mo$422.00$422.00$422.00
Total monthly$1,165.61$3,078.87$3,250.66
Cash to close$330,748$34,500$34,500