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$323,905$323,905$346,500
Remaining term (yrs)26.426.430.0
Secondary amount$0$41,845$0
Funding fee$0$0$0
Note rate6.330%6.330%7.400%
Blended rate6.880%7.451%7.640%
1st payment$2,103.34$2,103.34$2,399.10
2nd payment$0.00$414.09$0.00
Taxes / mo$316.58$316.58$316.58
Insurance / mo$150.00$150.00$150.00
MI / mo$155.26$155.26$69.30
HOA / mo$64.00$64.00$64.00
Total monthly$2,789.18$3,203.28$2,998.98
Cash to close$61,095$19,250$38,500