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$339,070$339,070$445,499
Remaining term (yrs)26.126.130.0
Secondary amount$0$106,429$0
Funding fee$0$0$0
Note rate6.950%6.950%7.320%
Blended rate7.800%7.848%7.560%
1st payment$2,343.89$2,343.89$3,060.27
2nd payment$0.00$709.52$0.00
Taxes / mo$619.67$619.67$619.67
Insurance / mo$166.67$166.67$166.67
MI / mo$250.81$250.81$89.10
HOA / mo$0.00$0.00$0.00
Total monthly$3,381.04$4,090.56$3,935.70
Cash to close$155,929$49,500$49,500