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$322,350$322,350$405,000
Remaining term (yrs)27.827.830.0
Secondary amount$0$82,650$0
Funding fee$0$0$0
Note rate6.950%6.950%7.400%
Blended rate7.500%7.806%7.640%
1st payment$2,182.23$2,182.23$2,804.14
2nd payment$0.00$619.88$0.00
Taxes / mo$375.00$375.00$375.00
Insurance / mo$150.00$150.00$150.00
MI / mo$151.10$151.10$81.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,858.33$3,478.21$3,410.14
Cash to close$127,650$45,000$45,000