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$317,285$317,285$359,910
Remaining term (yrs)27.427.430.0
Secondary amount$0$42,625$0
Funding fee$0$0$0
Note rate6.820%6.820%7.400%
Blended rate7.370%7.563%7.640%
1st payment$2,129.53$2,129.53$2,491.94
2nd payment$0.00$319.69$0.00
Taxes / mo$333.25$333.25$333.25
Insurance / mo$150.00$150.00$150.00
MI / mo$149.41$149.41$71.98
HOA / mo$2.08$2.08$2.08
Total monthly$2,764.27$3,083.96$3,049.26
Cash to close$82,615$39,990$39,990