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$315,194$315,194$364,500
Remaining term (yrs)26.926.930.0
Secondary amount$0$49,306$0
Funding fee$0$0$0
Note rate6.960%6.960%7.320%
Blended rate7.510%7.712%7.560%
1st payment$2,157.49$2,157.49$2,503.86
2nd payment$0.00$369.79$0.00
Taxes / mo$180.42$180.42$180.42
Insurance / mo$150.00$150.00$150.00
MI / mo$149.23$149.23$72.90
HOA / mo$30.00$30.00$30.00
Total monthly$2,667.14$3,036.93$2,937.18
Cash to close$89,806$40,500$40,500