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$24,089$24,089$359,100
Remaining term (yrs)4.84.830.0
Secondary amount$0$335,011$0
Funding fee$0$0$0
Note rate7.200%7.200%7.400%
Blended rate8.050%7.770%7.640%
1st payment$486.01$486.01$2,486.34
2nd payment$0.00$2,163.62$0.00
Taxes / mo$332.50$332.50$332.50
Insurance / mo$150.00$150.00$150.00
MI / mo$50.72$50.72$71.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,019.23$3,182.84$3,040.66
Cash to close$374,911$39,900$39,900