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$364,954$364,954$423,000
Remaining term (yrs)29.529.530.0
Secondary amount$0$58,046$0
Funding fee$0$0$0
Note rate6.460%6.460%7.400%
Blended rate7.010%7.283%7.640%
1st payment$2,305.64$2,305.64$2,928.77
2nd payment$0.00$435.34$0.00
Taxes / mo$246.17$246.17$246.17
Insurance / mo$166.67$166.67$166.67
MI / mo$167.89$167.89$84.60
HOA / mo$40.00$40.00$40.00
Total monthly$2,926.36$3,361.70$3,466.20
Cash to close$105,046$47,000$47,000