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$305,172$305,172$742,500
Remaining term (yrs)28.628.630.0
Secondary amount$0$437,328$0
Funding fee$0$0$0
Note rate6.760%6.760%7.400%
Blended rate7.310%7.569%7.640%
1st payment$2,008.30$2,008.30$5,140.92
2nd payment$0.00$2,824.41$0.00
Taxes / mo$179.83$179.83$179.83
Insurance / mo$216.67$216.67$216.67
MI / mo$141.77$141.77$148.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,546.57$5,370.98$5,685.92
Cash to close$519,828$82,500$82,500