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$312,082$312,082$332,100
Remaining term (yrs)27.827.830.0
Secondary amount$0$38,468$0
Funding fee$0$0$0
Note rate6.990%6.990%7.400%
Blended rate7.540%8.016%7.640%
1st payment$2,120.92$2,120.92$2,299.39
2nd payment$0.00$380.68$0.00
Taxes / mo$307.50$307.50$307.50
Insurance / mo$150.00$150.00$150.00
MI / mo$146.26$146.26$66.42
HOA / mo$0.00$0.00$0.00
Total monthly$2,724.68$3,105.36$2,823.31
Cash to close$56,918$18,450$36,900