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$19,381$19,381$310,500
Remaining term (yrs)2.52.530.0
Secondary amount$0$291,119$0
Funding fee$0$0$0
Note rate6.920%6.920%7.400%
Blended rate7.770%7.751%7.640%
1st payment$665.00$665.00$2,149.84
2nd payment$0.00$1,880.14$0.00
Taxes / mo$77.75$77.75$77.75
Insurance / mo$150.00$150.00$150.00
MI / mo$71.38$71.38$62.10
HOA / mo$0.00$0.00$0.00
Total monthly$964.13$2,844.27$2,439.69
Cash to close$325,619$34,500$34,500