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$335,004$335,004$377,100
Remaining term (yrs)28.428.430.0
Secondary amount$0$42,096$0
Funding fee$0$0$0
Note rate6.930%6.930%7.400%
Blended rate7.480%7.650%7.640%
1st payment$2,248.40$2,248.40$2,610.96
2nd payment$0.00$315.72$0.00
Taxes / mo$349.17$349.17$349.17
Insurance / mo$150.00$150.00$150.00
MI / mo$156.00$156.00$75.42
HOA / mo$0.00$0.00$0.00
Total monthly$2,903.56$3,219.28$3,185.55
Cash to close$83,996$41,900$41,900