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$343,937$343,937$359,999
Remaining term (yrs)27.427.430.0
Secondary amount$0$36,062$0
Funding fee$0$0$0
Note rate6.630%6.630%7.400%
Blended rate7.180%7.626%7.640%
1st payment$2,268.45$2,268.45$2,492.56
2nd payment$0.00$356.87$0.00
Taxes / mo$333.33$333.33$333.33
Insurance / mo$150.00$150.00$150.00
MI / mo$162.29$162.29$72.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,914.07$3,270.94$3,047.89
Cash to close$56,062$20,000$40,000