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$300,853$300,853$314,003
Remaining term (yrs)28.028.030.0
Secondary amount$0$30,594$0
Funding fee$0$0$0
Note rate6.780%6.780%7.320%
Blended rate7.330%7.750%7.560%
1st payment$1,997.26$1,997.26$2,156.98
2nd payment$0.00$302.76$0.00
Taxes / mo$72.42$72.42$72.42
Insurance / mo$150.00$150.00$150.00
MI / mo$140.70$140.70$62.80
HOA / mo$231.00$231.00$231.00
Total monthly$2,591.38$2,894.13$2,673.20
Cash to close$48,039$17,445$34,889