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$315,804$315,804$355,500
Remaining term (yrs)28.928.930.0
Secondary amount$0$39,696$0
Funding fee$0$0$0
Note rate6.580%6.580%7.400%
Blended rate7.130%7.339%7.640%
1st payment$2,033.20$2,033.20$2,461.41
2nd payment$0.00$297.72$0.00
Taxes / mo$486.58$486.58$486.58
Insurance / mo$150.00$150.00$150.00
MI / mo$146.21$146.21$71.10
HOA / mo$13.83$13.83$13.83
Total monthly$2,829.83$3,127.55$3,182.92
Cash to close$79,196$39,500$39,500