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$11,928$11,928$360,000
Remaining term (yrs)18.318.330.0
Secondary amount$0$348,072$0
Funding fee$0$0$0
Note rate6.120%6.120%7.400%
Blended rate6.670%7.714%7.640%
1st payment$90.11$90.11$2,492.57
2nd payment$0.00$2,247.96$0.00
Taxes / mo$699.33$699.33$699.33
Insurance / mo$150.00$150.00$150.00
MI / mo$5.71$5.71$72.00
HOA / mo$0.00$0.00$0.00
Total monthly$945.15$3,193.12$3,413.90
Cash to close$388,072$40,000$40,000