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$319,258$319,258$333,000
Remaining term (yrs)28.528.530.0
Secondary amount$0$32,242$0
Funding fee$0$0$0
Note rate6.630%6.630%7.320%
Blended rate7.180%7.611%7.560%
1st payment$2,075.82$2,075.82$2,287.48
2nd payment$0.00$319.06$0.00
Taxes / mo$454.17$454.17$454.17
Insurance / mo$150.00$150.00$150.00
MI / mo$148.51$148.51$66.60
HOA / mo$0.00$0.00$0.00
Total monthly$2,828.50$3,147.56$2,958.25
Cash to close$50,742$18,500$37,000