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$319,090$319,090$355,500
Remaining term (yrs)28.928.930.0
Secondary amount$0$36,410$0
Funding fee$0$0$0
Note rate6.720%6.720%7.400%
Blended rate7.270%7.447%7.640%
1st payment$2,085.61$2,085.61$2,461.41
2nd payment$0.00$273.08$0.00
Taxes / mo$193.00$193.00$193.00
Insurance / mo$150.00$150.00$150.00
MI / mo$147.83$147.83$71.10
HOA / mo$0.00$0.00$0.00
Total monthly$2,576.44$2,849.52$2,875.51
Cash to close$75,910$39,500$39,500