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$316,991$316,991$404,730
Remaining term (yrs)27.127.130.0
Secondary amount$0$87,739$0
Funding fee$0$0$0
Note rate7.630%7.630%7.320%
Blended rate8.180%8.358%7.560%
1st payment$2,305.73$2,305.73$2,780.21
2nd payment$0.00$658.04$0.00
Taxes / mo$500.67$500.67$500.67
Insurance / mo$150.00$150.00$150.00
MI / mo$149.24$149.24$80.95
HOA / mo$0.00$0.00$0.00
Total monthly$3,105.63$3,763.68$3,511.83
Cash to close$132,709$44,970$44,970