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$379,058$379,058$386,100
Remaining term (yrs)28.428.430.0
Secondary amount$0$28,492$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate7.050%7.387%7.640%
1st payment$2,434.99$2,434.99$2,673.28
2nd payment$0.00$281.95$0.00
Taxes / mo$933.00$933.00$933.00
Insurance / mo$150.00$150.00$150.00
MI / mo$174.60$174.60$77.22
HOA / mo$8.33$8.33$8.33
Total monthly$3,700.92$3,982.87$3,841.83
Cash to close$49,942$21,450$42,900