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$50,288$50,288$391,500
Remaining term (yrs)28.828.830.0
Secondary amount$0$341,212$0
Funding fee$0$0$0
Note rate6.770%6.770%7.320%
Blended rate7.320%7.695%7.560%
1st payment$330.65$330.65$2,689.33
2nd payment$0.00$2,203.66$0.00
Taxes / mo$847.50$847.50$847.50
Insurance / mo$150.00$150.00$150.00
MI / mo$23.32$23.32$78.30
HOA / mo$32.92$32.92$32.92
Total monthly$1,384.39$3,588.05$3,798.05
Cash to close$384,712$43,500$43,500