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$349,427$349,427$441,000
Remaining term (yrs)26.626.630.0
Secondary amount$0$91,573$0
Funding fee$0$0$0
Note rate6.430%6.430%7.400%
Blended rate6.980%7.399%7.640%
1st payment$2,283.03$2,283.03$3,053.39
2nd payment$0.00$686.80$0.00
Taxes / mo$432.33$432.33$432.33
Insurance / mo$166.67$166.67$166.67
MI / mo$166.76$166.76$88.20
HOA / mo$96.00$96.00$96.00
Total monthly$3,144.79$3,831.59$3,836.59
Cash to close$140,573$49,000$49,000