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$14,878$14,878$324,000
Remaining term (yrs)26.526.530.0
Secondary amount$0$309,122$0
Funding fee$0$0$0
Note rate6.500%6.500%7.240%
Blended rate7.050%7.718%7.480%
1st payment$98.10$98.10$2,208.05
2nd payment$0.00$1,996.41$0.00
Taxes / mo$162.67$162.67$162.67
Insurance / mo$150.00$150.00$150.00
MI / mo$7.11$7.11$64.80
HOA / mo$431.00$431.00$431.00
Total monthly$848.88$2,845.29$3,016.52
Cash to close$345,122$36,000$36,000