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$339,868$339,868$359,999
Remaining term (yrs)26.726.730.0
Secondary amount$0$40,132$0
Funding fee$0$0$0
Note rate6.430%6.430%7.400%
Blended rate6.980%7.497%7.640%
1st payment$2,217.98$2,217.98$2,492.56
2nd payment$0.00$397.13$0.00
Taxes / mo$207.81$207.81$207.81
Insurance / mo$150.00$150.00$150.00
MI / mo$162.01$162.01$72.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,737.80$3,134.94$2,922.37
Cash to close$60,131$20,000$40,000