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$8,308$8,308$323,910
Remaining term (yrs)23.923.930.0
Secondary amount$0$315,602$0
Funding fee$0$0$0
Note rate6.890%6.890%7.400%
Blended rate7.440%7.742%7.640%
1st payment$59.06$59.06$2,242.69
2nd payment$0.00$2,038.26$0.00
Taxes / mo$113.33$113.33$113.33
Insurance / mo$150.00$150.00$150.00
MI / mo$3.92$3.92$64.78
HOA / mo$19.83$19.83$19.83
Total monthly$346.14$2,384.41$2,590.63
Cash to close$351,592$35,990$35,990