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$395,398$395,398$449,910
Remaining term (yrs)27.927.930.0
Secondary amount$0$54,512$0
Funding fee$0$0$0
Note rate6.780%6.780%7.320%
Blended rate7.330%7.532%7.560%
1st payment$2,630.12$2,630.12$3,090.57
2nd payment$0.00$408.84$0.00
Taxes / mo$372.75$372.75$372.75
Insurance / mo$166.67$166.67$166.67
MI / mo$185.29$185.29$89.98
HOA / mo$0.00$0.00$0.00
Total monthly$3,354.83$3,763.67$3,719.97
Cash to close$104,502$49,990$49,990