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$307,228$307,228$350,910
Remaining term (yrs)27.927.930.0
Secondary amount$0$43,682$0
Funding fee$0$0$0
Note rate6.470%6.470%7.320%
Blended rate7.020%7.266%7.560%
1st payment$1,979.79$1,979.79$2,410.51
2nd payment$0.00$327.62$0.00
Taxes / mo$442.75$442.75$442.75
Insurance / mo$150.00$150.00$150.00
MI / mo$144.01$144.01$70.18
HOA / mo$0.00$0.00$0.00
Total monthly$2,716.55$3,044.16$3,073.44
Cash to close$82,672$38,990$38,990