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$342,876$342,876$368,100
Remaining term (yrs)25.925.930.0
Secondary amount$0$25,224$0
Funding fee$0$0$0
Note rate4.990%4.990%7.400%
Blended rate5.840%6.057%7.640%
1st payment$1,963.84$1,963.84$2,548.65
2nd payment$0.00$189.18$0.00
Taxes / mo$167.67$167.67$167.67
Insurance / mo$150.00$150.00$150.00
MI / mo$259.42$259.42$73.62
HOA / mo$0.00$0.00$0.00
Total monthly$2,540.93$2,730.11$2,939.94
Cash to close$66,124$40,900$40,900