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$383,538$383,538$432,000
Remaining term (yrs)27.927.930.0
Secondary amount$0$48,462$0
Funding fee$0$0$0
Note rate6.460%6.460%7.400%
Blended rate7.010%7.233%7.640%
1st payment$2,469.06$2,469.06$2,991.08
2nd payment$0.00$363.47$0.00
Taxes / mo$145.17$145.17$145.17
Insurance / mo$166.67$166.67$166.67
MI / mo$179.79$179.79$86.40
HOA / mo$0.00$0.00$0.00
Total monthly$2,960.68$3,324.15$3,389.31
Cash to close$96,462$48,000$48,000