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$339,476$339,476$346,500
Remaining term (yrs)28.728.730.0
Secondary amount$0$26,274$0
Funding fee$0$0$0
Note rate6.890%6.890%7.400%
Blended rate7.440%7.759%7.640%
1st payment$2,261.05$2,261.05$2,399.10
2nd payment$0.00$260.00$0.00
Taxes / mo$581.58$581.58$581.58
Insurance / mo$150.00$150.00$150.00
MI / mo$157.51$157.51$69.30
HOA / mo$11.67$11.67$11.67
Total monthly$3,161.81$3,421.81$3,211.65
Cash to close$45,524$19,250$38,500