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$379,826$379,826$405,000
Remaining term (yrs)29.129.130.0
Secondary amount$0$25,174$0
Funding fee$0$0$0
Note rate6.220%6.220%7.400%
Blended rate6.770%6.909%7.640%
1st payment$2,351.87$2,351.87$2,804.14
2nd payment$0.00$188.81$0.00
Taxes / mo$138.67$138.67$138.67
Insurance / mo$150.00$150.00$150.00
MI / mo$175.63$175.63$81.00
HOA / mo$45.83$45.83$45.83
Total monthly$2,861.99$3,050.80$3,219.63
Cash to close$70,174$45,000$45,000