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$325,625$325,625$373,500
Remaining term (yrs)28.528.530.0
Secondary amount$0$47,875$0
Funding fee$0$0$0
Note rate6.630%6.630%7.400%
Blended rate7.180%7.413%7.640%
1st payment$2,117.22$2,117.22$2,586.04
2nd payment$0.00$359.06$0.00
Taxes / mo$495.67$495.67$495.67
Insurance / mo$150.00$150.00$150.00
MI / mo$151.47$151.47$74.70
HOA / mo$0.00$0.00$0.00
Total monthly$2,914.36$3,273.42$3,306.41
Cash to close$89,375$41,500$41,500