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$377,079$377,079$386,100
Remaining term (yrs)26.626.630.0
Secondary amount$0$30,471$0
Funding fee$0$0$0
Note rate6.390%6.390%7.320%
Blended rate6.940%7.309%7.560%
1st payment$2,454.13$2,454.13$2,652.24
2nd payment$0.00$301.53$0.00
Taxes / mo$252.25$252.25$252.25
Insurance / mo$150.00$150.00$150.00
MI / mo$180.01$180.01$77.22
HOA / mo$0.00$0.00$0.00
Total monthly$3,036.40$3,337.93$3,131.71
Cash to close$51,921$21,450$42,900