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$371,172$371,172$553,500
Remaining term (yrs)28.628.630.0
Secondary amount$0$182,328$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate7.050%7.363%7.640%
1st payment$2,379.58$2,379.58$3,832.32
2nd payment$0.00$1,215.52$0.00
Taxes / mo$122.80$122.80$122.80
Insurance / mo$166.67$166.67$166.67
MI / mo$172.55$172.55$110.70
HOA / mo$0.00$0.00$0.00
Total monthly$2,841.59$4,057.11$4,232.48
Cash to close$243,828$61,500$61,500