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$351,470$351,470$422,910
Remaining term (yrs)26.026.030.0
Secondary amount$0$71,440$0
Funding fee$0$0$0
Note rate6.700%6.700%7.320%
Blended rate7.550%7.795%7.560%
1st payment$2,375.96$2,375.96$2,905.10
2nd payment$0.00$535.80$0.00
Taxes / mo$187.50$187.50$187.50
Insurance / mo$166.67$166.67$166.67
MI / mo$260.81$260.81$84.58
HOA / mo$0.00$0.00$0.00
Total monthly$2,990.94$3,526.74$3,343.85
Cash to close$118,430$46,990$46,990