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$368,419$368,419$375,750
Remaining term (yrs)27.527.530.0
Secondary amount$0$28,206$0
Funding fee$0$0$0
Note rate6.880%6.880%7.400%
Blended rate7.430%7.746%7.640%
1st payment$2,484.62$2,484.62$2,601.62
2nd payment$0.00$279.12$0.00
Taxes / mo$116.17$116.17$116.17
Insurance / mo$150.00$150.00$150.00
MI / mo$173.26$173.26$75.15
HOA / mo$0.00$0.00$0.00
Total monthly$2,924.05$3,203.17$2,942.93
Cash to close$49,081$20,875$41,750