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$388,044$388,044$409,500
Remaining term (yrs)28.728.730.0
Secondary amount$0$44,206$0
Funding fee$0$0$0
Note rate6.810%6.810%7.400%
Blended rate7.360%7.822%7.640%
1st payment$2,564.04$2,564.04$2,835.30
2nd payment$0.00$437.46$0.00
Taxes / mo$209.00$209.00$209.00
Insurance / mo$166.67$166.67$166.67
MI / mo$180.08$180.08$81.90
HOA / mo$0.00$0.00$0.00
Total monthly$3,119.78$3,557.24$3,292.86
Cash to close$66,956$22,750$45,500