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$43,070$43,070$373,500
Remaining term (yrs)4.94.930.0
Secondary amount$0$330,430$0
Funding fee$0$0$0
Note rate7.030%7.030%7.320%
Blended rate7.880%7.765%7.560%
1st payment$853.45$853.45$2,565.69
2nd payment$0.00$2,134.03$0.00
Taxes / mo$159.67$159.67$159.67
Insurance / mo$150.00$150.00$150.00
MI / mo$90.59$90.59$74.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,253.71$3,387.74$2,950.05
Cash to close$371,930$41,500$41,500