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$316,223$316,223$351,000
Remaining term (yrs)26.526.530.0
Secondary amount$0$34,777$0
Funding fee$0$0$0
Note rate6.730%6.730%7.320%
Blended rate7.280%7.450%7.560%
1st payment$2,129.08$2,129.08$2,411.13
2nd payment$0.00$260.83$0.00
Taxes / mo$77.83$77.83$77.83
Insurance / mo$150.00$150.00$150.00
MI / mo$150.76$150.76$70.20
HOA / mo$0.00$0.00$0.00
Total monthly$2,507.67$2,768.50$2,709.16
Cash to close$73,777$39,000$39,000