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$343,560$343,560$373,500
Remaining term (yrs)27.427.430.0
Secondary amount$0$29,940$0
Funding fee$0$0$0
Note rate6.640%6.640%7.400%
Blended rate7.190%7.335%7.640%
1st payment$2,268.18$2,268.18$2,586.04
2nd payment$0.00$224.55$0.00
Taxes / mo$327.33$327.33$327.33
Insurance / mo$150.00$150.00$150.00
MI / mo$162.10$162.10$74.70
HOA / mo$33.00$33.00$33.00
Total monthly$2,940.62$3,165.17$3,171.07
Cash to close$71,440$41,500$41,500