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$301,336$301,336$324,000
Remaining term (yrs)28.328.330.0
Secondary amount$0$40,664$0
Funding fee$0$0$0
Note rate6.600%6.600%7.400%
Blended rate7.150%7.712%7.640%
1st payment$1,959.19$1,959.19$2,243.31
2nd payment$0.00$402.41$0.00
Taxes / mo$300.00$300.00$300.00
Insurance / mo$150.00$150.00$150.00
MI / mo$140.60$140.60$64.80
HOA / mo$151.00$151.00$151.00
Total monthly$2,700.80$3,103.21$2,909.11
Cash to close$58,664$18,000$36,000